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Supported by a strong demand at the spot market and tight supplies, chilli prices shot up 2.97 per cent to Rs 10,886 per quintal in the futures trade today.
At the National Commodity and Derivatives Exchange counter, chilli for delivery in far-month July spurted by Rs 314 or 2.97 per cent to Rs 10,886 a quintal, with an open interest of 2,970 lots.
Similarly, the spice for delivery in April gained Rs 270 or 2.92 per cent to Rs 9,520 a quintal, with an open interest of 5,710 lots.
The spice for delivery in June fell by Rs 282 or 2.76 per cent to Rs 10,500 a quintal, with an open interest of 11,845 lots.
Market analysts said the rise in the chilli futures was mainly supported by strong spot demand and covering-up of pending short positions by speculators.
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