International Spice Commodities Update – Chilli

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Chilli prices moved up by 2.03% to Rs 5,338 ($108.61, €81.66, £69.09) per quintal in futures trading today as speculators created fresh positions driven by pick-up in spot market demand.

At the National Commodity and Derivatives Exchange, the March contract rose by Rs 106 ($2.16, €1.62, £1.37), or 2.03%, to Rs 5,338 ($108.61, €81.66, £69.09) per quintal, with an open interest of 3,730 lots.

The April contract rose by Rs 108 ($2.20, €1.65, £1.40) , or 2.02%, to Rs 5,466 ($111.21, €83.62, £70.75) per quintal, with an open interest of 1,330 lots.

Market analysts said fresh buying by speculators on the back of a rise in spot demand mainly pushed up chilli prices at futures trade.

www.keresspices.com

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