Chilli prices ended higher by 0.86 per cent on Saturday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of a surge in the export demand for the commodity in the midst of limited supply. At the NCDEX, chilli futures for November 2012 contract closed at Rs. 5,168 per quintal, up by 0.86 per cent, after opening at Rs. 5,148 against the previous closing price of Rs. 5,124. It touched the intra-day high of Rs. 5,168.
Sentiment improved further as a result of the restricted arrivals of the commodity in the market from the major producing belts
Global production of chilli stands at about 20.00 lakh MT to 25.00 lakh MT per annum. India is the largest producer and contributes about 10.00 lakh MT to 12 lakh MT annually followed by China, Nigeria, Peru, Bangladesh, Hungary.