Chilli futures in NCDEX have extended losses due to arrival pressure in the spot market. In NCDEX, Chilli August was quoted at Rs 5372, down 1.29 % at 13:30 IST, after trading as low as Rs 5355. Trading has been resumed in the main spot market at Guntur since Monday after a strike by traders demanding compensation to farmers and traders who had incurred losses in a fire last month. The Guntur market had earlier been closed for annual summer holidays since the last week of May and was supposed to open on June 9th; but accounting the lost trading days due to the strike, the re-opening of the market is after effectively a month. In the morning session, chilli was quoted at Rs 4840, down Rs 67 a quintal.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment