Login ID:
Partner Login
Contact Us : 7066511911

Weak Sentiment in Chilly Prices Due to Low Weekend Demand

1 Mar 2024 4:05 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai, March 01 (Commodities Control): Chilly prices in major markets experienced mostly weak sentiment attributed to lower demand over the weekend. Prices were observed to be lower by Rs 500 to 1,000 per quintal, despite a decline in arrivals. The market update suggests that an unexpectedly high supply is exerting pressure on prices.

Although domestic demand remains robust, slow export demand is contributing to the downward pressure on prices, even with higher quality compared to previous seasons. This season's arrivals are marked by superior quality after two seasons of floods or excessive rain.

In the Guntur markets, arrivals were reported at 80,000, roughly half of the previous session. Khammam and Warangal markets witnessed arrivals of 40,000 bags each, with Khammam experiencing a 10,000-bag decrease and Warangal observing a more substantial drop of 40,000 bags.

  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  

Post Comment  

Latest Market Commentary
Coriander Market Remains Sluggish in Gujarat; Prices St...
Cumin Prices Drop in Gujarat Due to Decreased Demand
Turmeric Spot Prices Mixed; NCDEX Prices Decline
Small Cardamom Prices Mostly Stable Amid Strong Buying ...
Clove Prices Remain Stable in Major Markets
Top 5 News
US Cotton Crop Progresses Ahead of Schedule but Faces Q...
Castor Oil Prices Surge Amid Sowing Decline and Strong ...
Coriander Market Remains Sluggish in Gujarat; Prices St...
Cumin Prices Drop in Gujarat Due to Decreased Demand
Cotton Arrivals Total 17,500 Bales Across Major Produci...
Top 5 Special Reports
USDA lowers 2024-25 global soybean production estimates...
USDA revises 2024-25 global cotton ending stocks estima...
Textile Industry Pins Hopes on Upcoming Union Budget
US cotton net sales for June 28-July 4 at 54,100 RB, do...
US Soybean net sales for June 28-July 4 at 208,000 MT, ...
Copyright © CC Commodity Info Services LLP. All rights reserved.