Chilli prices weakened by Rs 60 to Rs 8,110 per quintal in futures weaken on sluggish demand

Chilli costs weakened by Rs 60 to Rs 8, 110 per quintal in futures trade today as traders reduced their positions amid sluggish demand within the spot market.

At the National Commodity and Derivatives Exchange, chilli for shipping in September lost Rs 60, or 0. 73%, to Rs 8, 110 for each quintal, with an open interest for 11, 330 lots.

Likewise, chilli with regard to delivery in October shed Rs 38, or 0. 44%, to Rs 8, 532 for each quintal, with a trading volume of 2, 830 lots.

Market analysts said traders reduced their holdings because of sluggish demand in the spot market, which led to the decline within chilli futures prices.