Chilli futures extend losses 2.14% on selling pressure

NEW DELHI: Chilli prices fell by Rs 148 to Rs 6,752 per quintal in futures trade today as speculators booked profits following reports of higher output estimates.


Subdued demand from retailers and stockists also impacted the market.

At the National Commodity and Derivatives Exchange, chilli for delivery in April fell by Rs 148, or 2.14 per cent, to Rs 6,752 per quintal, with an open interest of 8,800 lots.

Likewise, the spice for delivery in March declined Rs 138, or 2.04 per cent, to Rs 6,594 per quintal in 7,620 lots. Marketmen said reduced offtake by speculators following subdued spot market demand mainly influenced chilli futures.

They said futures prices continued to trade low on as speculators booked profits after recent gains amid reports of likely higher output this season.