Chilli futures remain weak on sluggish demand

NEW DELHI: Chilli prices fell 1.36 per cent to Rs 10,030 per quintal in futures trade today after speculators trimmed positions amid sluggish demand in the spot market against adequate stocks position.

At the National Commodity and Derivative Exchange, chilli teja for delivery in June fell further by Rs 138, or 1.36 per cent, to Rs 10,030 per quintal with an open interest of 1,545 lots.

Similarly, the spice for delivery in July shed Rs 68, or 0.67 per cent, to Rs 10,150 per quintal in 85 lots.

Analysts said speculators offloaded positions due to sluggish demand in the spot market against adequate stocks position which mainly kept pressure on chilli teja prices at futures trade.