NEW DELHI, Aug 7: Chilli prices tumbled by 2.75 per cent to Rs 4,948 per quintal in futures market today as speculators trimmed their positions amid a weak demand in the spot market against sufficient supplies.
At the National Commodity and Derivatives Exchange, chilli for delivery in August month tumbled by Rs 140, or 2.75 per cent to Rs 4,948 per quintal with an open interest of 6,075 lots.
Similarly, the spice for delivery in September contract fell by Rs 90, or 1.74 per cent to Rs 5,092 per quintal in 5,985 lots.
Market analysts said offloading of positions by speculators triggered by a weak demand in the spot market against adequate stocks position mainly pulled down chilli prices at futures trade. (PTI)
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