Chilli futures extend gain of limited supply

NEW DELHI: Chilli prices rose by Rs 60 to Rs 6,784 per quintal in futures trade today as traders created fresh positions, driven by rising export and spot market demand.

Trading sentiment improved further on restricted arrivals of the commodity in the market from the major producing belts.

At the National Commodity and Derivative Exchange, chilli for delivery in April rose by Rs 60, or 0.89 per cent, to Rs 6,784 per quintal, with an open interest of 5,220 lots.

Similarly, chilli for delivery in March was up Rs 52, or 0.79 per cent, to Rs 6,602 per quintal, in a business turnover of 6,290 lots.

Market experts said besides fresh buying by traders, restricted arrivals from producing region mainly helped chilli prices to trade higher at futures market.