Chilli futures fall 1.79% on profit-booking, higher output

NEW DELHI: Chilli prices drifted by Rs 120 to Rs 6,600 per quintal in futures trade today as speculators booked profits at prevailing higher levels.


Besides, subdued demand from retailers and stockists on heavy selling activity of the commodity by the investors also impacted the market.

At the National Commodity and Derivatives Exchange, chilli for delivery in April moved down by Rs 120, or 1.79 per cent, to Rs 6,600 per quintal, with an open interest of 9,135 lots.

Likewise, the spice for delivery in March lost Rs 114, or 1.74 per cent, to Rs 6,444 per quintal in 6,875 lots.

Marketmen said besides profit-booking by speculators, reduced offtake by speculators following subdued spot market demand mainly influenced chilli futures.