Login ID:
Partner Login
Contact Us : 7066511911

Chilli Prices Trade Lower in Warangal Amid Inactive Buying Activity

23 May 2024 3:19 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai, May 23 (Commoditiescontrol): Chilli prices in the Warangal markets declined as buyer activity remained subdued. The prices for Teja and 341 varieties fell significantly, dropping by Rs 1,000-1,800 per quintal. Meanwhile, Wonder Hot variety saw no trading activity due to the absence of arrivals.

The market reported stable arrivals, with 7,000 bags coming in, consistent with the previous session. However, demand from stockists and exporters has remained muted, contributing to the downward pressure on prices. This lack of demand is expected to keep prices under control at least until mid-June.

Despite trading at a multi-year low, chilli prices are anticipated to stay range-bound with a negative bias in the near term. The market's bearish sentiment is driven by the current inactivity among buyers and the steady supply.

  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
Small Cardamom Prices Continues to Show Weak Sentiment
Clove Prices Remain Stable Across Key Markets
Weak Sentiment Continues in Domestic and Vietnamese Pep...
Turmeric Spot Prices Mostly Higher; NCDEX Prices Contin...
Cumin Prices in Gujarat Increase Due to Local Demand
Top 5 News
Malaysian CPO Futures Steady On Mixed Market Signals
ICE Sugar Futures Decline Amid Global Surplus Forecast ...
ICE Cotton Futures Softened Stronger Dollar, Weak Expor...
Global Market Update: Asian Markets Slid Lower Amid Geo...
CBOT Wheat Futures Dip As Favorable U.S. Crop Weather, ...
Top 5 Special Reports
US cotton net sales for July 5-11 at 27,200 RB, hit mar...
US soybean net sales for July 5-11 at 360,100 MT, up 73...
Cotton Spinning Industry Set for Recovery in FY2025, Ex...
USDA Forecasts Global Cotton Production Surge, Expects ...
Argentina's Currency Market Intervention: Will It Reviv...
Copyright © CC Commodity Info Services LLP. All rights reserved.