Chilli Prices Stable to Firm in Warangal Market

Mumbai, May 27 (CommoditiesControl): Chilli prices in the Warangal markets were reported to be stable to firm, driven by strong buying activity at lower price levels. The 341 varieties remained stable, while Teja chilli prices saw an increase of Rs 400 per quintal. Despite the overall firmness, demand from stockists and exporters remains limited, which is expected to keep prices steady until mid-June.

Today, the market saw an arrival of 5,000 bags, which is 2,000 fewer than the previous session. Although prices are at a multi-year low, they are expected to remain range-bound with a slight negative bias in the near term.

This trend suggests that while there is some firmness in the market due to buying activity, the lack of significant demand from stockists and exporters will likely prevent substantial price increases in the immediate future.