Chilli futures up on export demand, restricted supply

NEW DELHI: Supported by strong overseas demand and tight supplies, chilli prices shot up by 3.08 per cent to Rs 5,286 per quintal in futures trade today as traders indulged in enlarging positions.

Traders attributed the rise in chilli futures prices to an increase in export demand against tight supplies in the spot markets from producing belts.

At the National Commodity and Derivatives Exchange, chilli for delivery in December traded Rs 158, or 3.08 per cent, higher at Rs 5,286 per quintal, with an open interest of 5,450 lots.

Likewise, the spice for delivery in November rose by Rs 90, or 1.90 per cent, to Rs5,128 per quintal, with an open interest of 1,000 lots.