In NCDEX chilli February contract is trading at Rs.6480 per quintal, fell by 1.15 per cent on 16:50 IST against the previous close.
In the morning session the contract traded at a range of Rs.6460-6666 per quintal. Open interest of the contract is 2655 lots and volume traded is 1545 lots for the time being.
Most of the bulk buyers are wait-ing for fresh crop arrivals which are expected to hit the market in 10-15 days. Stocks available at spot market are around 8-10 lakh bags (1 bag=40Kg.). Andhra Rabi chilli area is reported 0.44 lakh ha as on 21st December v/s 0.42 lakh ha yr ago.