Chilli futures up on export demand, limited supply

NEW DELHI: Chilli prices rose by 1.71 per cent to Rs 4,990 per quintal in futures trade today after speculators created huge positions driven by overseas and domestic demand.

At the National Commodity and Derivatives Exchange, chilli for delivery in December traded Rs 84, or 1.71 per cent, higher at Rs 4,990 per quintal, with an open interest of 3,395 lots.

Likewise, the spice for delivery in November rose by Rs 50, or 1.01 per cent, to Rs 5,020 per quintal, with an open interest of 4.090 lots.

Marketmen said the rise in chilli futures prices was due to a firm overseas trend as well as good domestic demand.