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Red Chilli Heats Up Amid Low Arrivals

28 Feb 2020 6:03 pm
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Mumbai (Commodities Control) – Red chilli prices managed to inch up on the back of declining arrivals. Warangal witnessed the arrival of 17,000 bags, down 20%, while the arrivals dipped by 25% in Guntur at 80,000 bags, on Friday.

The spice shot up by Rs 5-7 in Warngal, while price of a few varieties dipped by a rupee or two. Export variety chilli ‘Teja’ was quoted at Rs 120-137/Kg, up Rs 5, while ‘341’ was priced at Rs 125-157/Kg, up Rs 7.

Prices were reported to be stable at Guntur mandi. Teja traded at Rs 110-130/Kg here.

According to the traders, farmers are refraining from releasing their stocks in anticipation of better prices.

(Commodities Control Bureau)

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