Chilli futures remain weak on subdued demand

NEW DELHI: Chilli futures remained weak and prices fell further by Rs 1.55 per cent to Rs 6,492 per quintal in futures trading on Thursday amid subdued demand in the spot market against adequate stocks position.

At the National Commodity and Derivatives Exchange, chilli for delivery in April fell by Rs 102, or 1.55 per cent to Rs 6,492 per quintal with an open interest of 9,380 lots.

Similarly, the spice for delivery in May traded lower by Rs 106, or 1.52 per cent to Rs 6886 per quintal in 13,890 lots.

Market analysts said the fall in chilli prices at futures trade was mostly due to offloading of positions by speculators following subdued demand in the spot markets against adequate stocks position.