Chilli futures tumble 2.75 pc on weak demand, adequate supply

NEW DELHI: Chilli prices tumbled by 2.75 per cent to Rs 4948 per quintal in futures market today as speculators trimmed their positions, driven by a weak demand in the spot market against sufficient supplies.


At the National Commodity and Derivatives Exchange, chilli for delivery in August month tumbled by Rs 140, or 2.75 per cent to Rs 4948 per quintal with an open interest of 6075 lots.

Similarly, the spice for delivery in September contract fell by Rs 90, or 1.74 per cent to Rs 5092 per quintal in 5985 lots.

Market analysts said speculators trimmed their positions, driven by a weak demand in the spot market against adequate stocks position mainly pulled down chilli prices at futures trade.