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Chilli futures climb 0.94% on strong demand

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SummaryChilli prices rose by Rs 58 to Rs 6,210 per quintal in futures.

Amid strong domestic demand and restricted arrivals from producing belts, chilli prices rose by Rs 58 to Rs 6,210 per quintal in futures trade today.

At the National Commodity and Derivatives Exchange, chilli for delivery in March rose by Rs 58, or 0.94 per cent, to Rs 6,210 per quintal, with an open interest of 1,605 lots.

Similarly, the spice for delivery in December traded higher by Rs 30, or 0.58 per cent, to Rs 5,170 per quintal, with an open interest of 5,160 lots.

Marketmen attributed the rise in chilli futures to strong demand in the spot market amid lower arrivals from producing belts.

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