Mumbai, May 2 (CommoditiesControl): Chilli prices in major markets exhibited mixed trends. While certain varieties in Guntur experienced price declines, markets in Khammam and Warangal witnessed upward movements driven by robust demand.
The domestic market is witnessing healthy demand, fueled by prices hovering at multi-year lows. However, the market is grappling with higher-than-expected arrivals coupled with sluggish export demand, which is exerting downward pressure on prices.
In Guntur, arrivals surged to 100,000 bags, marking a significant increase of 30,000 bags compared to the previous session. Warangal also witnessed a notable uptick with arrivals reaching 30,000 bags, up by 10,000 bags from the preceding session. Khammam reported arrivals of 12,000 bags.
Despite the domestic demand, the lackluster export demand is acting as a dampener, imposing pressure on price movements. Looking ahead, prices are anticipated to hold steady or even firm up, despite the recent decline from multi-year lows, as the market adjusts to the prevailing trends.
0 Comments 
Post Comment 
