Chilli moves up in futures trade on spot demand
At the National Commodity and Derivatives Exchange, chilli for delivery in July month rose by Rs 60, or 1.09 per cent to Rs 5,560 per quintal with an open interest of 14,010 lots.
By PTI | Updated:
NEW DELHI: Chilli prices moved up by Rs 60 to Rs 5,560 per quintal in futures trading today as speculators created fresh positions amid rising demand in the spot market against tight supplies.
At the National Commodity and Derivatives Exchange, chilli for delivery in July month rose by Rs 60, or 1.09 per cent to Rs 5,560 per quintal with an open interest of 14,010 lots.
Similarly, the spice for delivery in August contract traded higher by Rs 50, or 0.89 per cent to Rs 5,664 per quintal in 5,040 lots.
Analysts said rising demand in the spot market against tight supplies from growing regions mainly influenced chilli prices at futures trade.
At the National Commodity and Derivatives Exchange, chilli for delivery in July month rose by Rs 60, or 1.09 per cent to Rs 5,560 per quintal with an open interest of 14,010 lots.
Similarly, the spice for delivery in August contract traded higher by Rs 50, or 0.89 per cent to Rs 5,664 per quintal in 5,040 lots.
Analysts said rising demand in the spot market against tight supplies from growing regions mainly influenced chilli prices at futures trade.
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