Chilli Extend Loss

NCDEX Chilli futures extend the last trading sessions loss on short selling activities. The benchmark February Chilli traded in the ranges of Rs3734-Rs3713 per quintal and the counter is currently trading with loss at Rs3713, down Rs15 per quintal. The commodity witnessed short selling, the open interest for the contract increased 1.43% 2115 contracts, indicating short selling.

The market sources reported that large warehouse stocks coupled with expectations of new arrivals are pressurizing the chilli futures prices.