Chilli futures surge 2.31% on strong demand
At the National Commodity and Derivatives Exchange, chilli for delivery in March surged by Rs 136, or 2.31 per cent, to Rs 6,030 per quintal, with an open interest of 910 lots.
Similarly, the spice for delivery in December shot up by Rs 112, or 2.23 per cent, to Rs 5,124 per quintal, with an open interest of 5,420 lots.
Marketmen said besides strong demand in the spot market following festive season, lower arrivals from producing belts mainly led to an upsurge in chilli prices at futures market.
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