Chilli futures up by 0.31 per cent on rising demand

NEW DELHI: In range-bound trade, chilli (teja) prices rose by 0.31 per cent to Rs 9,638 per quintal in futures trading today as speculators created fresh positions after spot demands picked up.

Further, tight supplies in the physical market due to less arrivals from producing regions also supported the chilli (teja) prices.

At the National Commodity and Derivative Exchange, chilli (teja) for July contract moved up by Rs 30, or 0.31 per cent, to Rs 9,638 per quintal with an open interest of 165 lots.

Analysts said fresh positions built-up by speculators mainly supported the upside in chilli prices at futures trade.