Chilli futures falls for 2nd day on weak demand
Analysts said offloading of positions by speculators driven by weak spot demand against adequate stocks position mainly kept pressure on chilli prices at futures trade.
Updated:
NEW DELHI: Chilli prices fell further by 2.35 per cent to Rs 6,576 per quintal in futures trade today as speculators offloaded positions amid slump in demand in the spot market against adequate stocks position.
At the National Commodity and Derivatives Exchange, chilli for delivery in December fell further by Rs 158, or 2.35 per cent to Rs 6,676 per quintal with an open interest of 3745 lots.
Analysts said offloading of positions by speculators driven by weak spot demand against adequate stocks position mainly kept pressure on chilli prices at futures trade.
At the National Commodity and Derivatives Exchange, chilli for delivery in December fell further by Rs 158, or 2.35 per cent to Rs 6,676 per quintal with an open interest of 3745 lots.
Analysts said offloading of positions by speculators driven by weak spot demand against adequate stocks position mainly kept pressure on chilli prices at futures trade.
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