MUMBAI (Commodity Online): Chilli futures opened Friday’s session with modest gains due to the fresh buying on better demand in the spot market. The demand for the commodity is seen hefty while crop damages have been reported.
NCDEX chilli December futures gained two percent to the session high of Rs 6921 per 100 kg with the open interest added 5.68 percent, indicating fresh buying. The counter now quoted at the session high price levels.
Meanwhile, far month February futures gained 1.84 percent to the session high of Rs 6075 and the open interest remained steady at 445 tonnes.
Trade sitting at the comfort of home. Start with a mere 50$Chilli exports from India shot up by 18.32% to 14500 tonnes in September 2009, clocking a volume of Rs 9243.75 lakh. As per the market sources reports, there are severe crop damages reported in major growing belts in the state of Andhra Pradesh.
