Last Updated : February 23, 2012 14:39
NCDEX red chilli weighs down on arrival pressure
MUMBAI (Commodity Online): Chilli futures fell Thursday on higher arrivals from the fresh crop amid weak export demand.
In NCDEX chilli March contract is trading at Rs.5370 per quintal, down by 0.73 per cent on 14:30 IST against the previous close.
In the morning session the contract traded at a range of Rs.5320-5438 per quintal. Open interest of the contract is 3755 lots and volume traded is 945 lots for the time being.
According to trade sources, export demand from neighboring countries is also remaining poor which might have negative impact on prices.
As per data released by Spices board, during Apr-Dec, 2011 export of chilli was around 1,53,500 tones down by 19 % Y/Y.
MCX CHANADEL 01 January 2020
contract was trading at
Rs 0 . What's your view on it?
