Chilli futures up

NEW DELHI: Chilli futures climbed today on the National Commodity and Derivatives Exchange on increased buying by speculators, sparked by rising prices in the spot markets and a likely spurt in export demand. The most-active October contract gained one per cent at Rs 5,394 per quintal on the NCDEX counter.

Similarly, far-month December contract rose by similar margin to Rs 5,718 per quintal. Traders attributed gain in the chilli futures to rise in prices at spot market on account of festive season. Meanwhile, spot prices were ruling high at Rs 5,200.10 per quintal at Guntur in Andhra Pradesh - India's biggest chilli market. The country's chilli exports increased to 80,500 tons from 75,525 tons during April-July period.