Chilli down 3.2% on sluggish demand

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Chilli prices moved down by 3.20% to Rs 9,674 per quintal in futures trading today largely in tune with a weak trend in the spot markets owing to subdued demand.

At the National Commodity and Derivative Exchange, chilli teja for delivery in June lost Rs 320, or 3.20% to Rs 9,674 per quintal with an open interest of 1610 lots.

Similarly, the spice for delivery in July traded lower by Rs 232, or 2.28% to Rs 9,940 per quintal in 110 lots.

Analysts said offloading of positions by speculators driven by sluggish demand in the spot market mainly kept pressure on chilli teja prices at futures trade.

– Business Standard

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