Chilli futures down 1% on profit-booking, higher output

NEW DELHI: Chilli prices fell by Rs 70 to Rs 6,924 per quintal in futures trade on Monday as speculators booked profits at prevailing higher levels.

Subdued demand from retailers and stockists also impacted the market.

At the National Commodity and Derivatives Exchange, chilli for delivery in March moved down by Rs 70, or 1.00 per cent, to Rs 6,924 per quintal, with an open interest of 7,705 lots.

Likewise, the spice for delivery in April lost Rs 70, or 0.97 per cent, to Rs 7,100 per quintal in 8,210 lots.

Marketmen said reduced offtake by speculators following subdued spot market demand mainly influenced chilli futures.