For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Chilli closes higher on high demand

By Religare
|

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.

Story first published: Monday, November 19, 2012, 15:30 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more