Chilli down 3.22% on profit booking

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Chilli down 3.22% on profit booking
On 5th May 2011, at the National Commodity & Derivatives Exchange Limited, the prices of chilli for the June month contracts declined by almost 3.22 per cent to reach Rs. 9,424 per quintal.

The total traded quantity of the commodity stood at 4,365 lots representing Rs. 4.11 crore in value terms. Similarly, the prices of the commodity for the July month contracts declined by approximately 3.29 per cent to reach Rs. 5,358 per quintal.

The total traded quantity of the commodity for the July month contract stood at 1,120 lots representing Rs. 60 lakh in value terms. The increase in the profit booking activity was the primary reason behind the declining prices of the commodity.

Read more about: chilli, investment, ncdex
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