Chilli futures fall 1.54 pc on sluggish demand

NEW DELHI: Chilli prices declined by Rs 80 to Rs 5,098 per quintal in futures trade today as speculators reduced positions, tracking a weak trend at spot market on sluggish demand.

At the National Commodity and Derivatives Exchange, chilli for delivery in September declined by Rs 80, or 1.54 per cent, to Rs 509 per quintal, with an open interest of 10,700 lots.

Similarly, the spice for delivery in October lost Rs 86, or 1.50 per cent, to Rs 5,662 per quintal in 4,985 lots.

Market expert said speculators reduced positions on the back of sluggish demand which mainly led to a decline in chilli futures.