Chilli futures down 1.99% on profit-bookings

NEW DELHI: Chilli prices fell by 1.99 per cent to Rs 6692 per quintal in futures trade on Wednesday as speculators booked profits at prevailing higher levels, driven by a fall in demand in the spot market.

Adequate stocks availability in the physical market due to increased arrivals from producing belts also put pressure on chilli.

At the National Commodity and Derivatives Exchange, chilli for delivery in March fell by Rs 136, or 1.99 per cent, to Rs 6,692 per quintal, with an open interest of 1,210 lots.

In a similar fashion, the spice for delivery in April lost Rs 132, or 1.87 per cent to Rs 6,924 per quintal in 10,205 lots.

Market analysts said besides profit-bookings by speculators, fall in demand at prevailing higher levels in the spot market against adequate stocks position, mainly kept pressure on chilli prices at futures trade.