Chilly Prices Surge in Guntur; Warangal and Khammam Remain Closed

Mumbai, April 12 (CommoditiesControl): Chilly prices witnessed a notable surge in Guntur, driven by increased buying activity at reduced rates. However, the markets in Warangal and Khammam remained closed today, with trading likely to resume from Monday onwards. Guntur reported arrivals of 80,000 bags, marking a decline of 30,000 bags compared to the previous session.

Analysts anticipate a potential uptick in demand as prices witness a significant downturn. Presently, consumer demand remains robust, with expectations of further increase in the days ahead. However, the presence of ample carry-in stocks combined with a higher-than-expected supply may serve to moderate any aggressive price increases.