Chili Futures Prices 2012 Decline on profit Booking

Chilli futures declined on profit booking by the traders due to higher arrivals from the fresh crop amid subdued export demand.

In NCDEX chilli April contract is trading at Rs.5288 per quintal, down by 1.26 per cent on 12:30 IST against the previous close.

In the morning session the contract traded at a range of Rs.5266-5364 per quintal. Open interest of the contract is 1255 lots and volume traded is 170 lots for the time being.

According to trade sources, export demand from neighboring countries like Sri Lanka, Bangladesh is also remaining poor which might have negative impact on prices. Domestic bulk buyers are also staying away from market in anticipation of further fall in prices.

Category: Agriculture, chili future, chili per quintal, chili price 2012, india chili trading, Info Commodity, ncdex chili report