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Red Chilli Prices Slide in Guntur & Warangal amid Rising Arrivals

1 Feb 2021 8:14 pm
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Mumbai (Commodities control) - Red chilli prices tanked lower in apex spice mandis of Guntur and Warangal at the beginning of month and the week.The export variety ‘Teja’ red chilli shed Rs 4/Kg in Guntur and Rs 6/Kg Warangal. The spice variety extended weak price trend since last week amid reduced bulk demand.


Most of the other red chilli varieties dropped heavily in Guntur, 341 shed Rs 17 and Singenta-DD lost Rs 10/Kg each, amid arrivals of 130,000 bags vs 80,000 bags on Friday.


Red chilli varieties across Warangal registered mixed price trend as 341 shed Rs 3/Kg, while 334 and Wonderhot prices were Rs 3-6 per Kg higher amid arrivals of 13,000 bags vs 12,000 bags in the last session.


The market is crumbling under the weight of supply pressure of the new crop Ample carry forward stocks due to low consumption and expectations of a bigger crop in the current season are also seen pushing prices down in the near future.


India's chilli production in the current season 2020-21 (Jul-Jun) is seen at 1.7 mln tn, 10-15% higher than the previous year, according to trade estimates.

Commodity

Market

Variety

Price

Price

Prev_Price

Prev_Price

Change(Max Today-Prev Max)

Arrival

Chilli

Guntur

334/S10/

90

120

105

125

-5

130000

Chilli

Guntur

TEJA

120

145

130

149

-4

Chilli

Guntur

SINGENTA

130

165

150

175

-10

Chilli

Guntur

273

120

150

0

Chilli

Guntur

No 5

125

155

120

155

0

Chilli

Guntur

341

130

155

150

172

-17

Chilli

Guntur

DD

125

165

140

175

-10

Chilli

Warangal

334

120

128

120

125

3

13000

Chilli

Warangal

TEJA

130

143

135

149

-6

Chilli

Warangal

1048

140

150

140

150

0

Chilli

Warangal

341

150

166

155

169

-3

Chilli

Warangal

W.HOT

195

215

195

209

6





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