Chilli futures weaken 1.55% on profit-booking

Chilli prices weakened by 1.55 per cent to Rs 4,826 per quintal in futures trade.

Written by Agencies | New Delhi | Published: September 18, 2012 1:06 pm

Chilli prices weakened by 1.55 per cent to Rs 4,826 per quintal in futures trade today as speculators booked profits at prevailing higher levels,driven by a weak trend at spot market on sluggish demand.

At the National Commodity and Derivatives Exchange,chilli for delivery in September declined by Rs 76,or 1.55 per cent,to Rs 4,826 per quintal,with an open interest of 330 lots.

Similarly,the spice for delivery in October shed Rs 18,or 0.33 per cent,to Rs 5,406 per quintal,with an open interest of 8,850 lots.

Marketmen attributed the fall in chilli prices at futures market to profit-booking by speculators at prevailing higher levels,driven by a weak trend at spot market on subdued demand mainly led to decline in chilli futures.

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