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Red Chillies Prices Turn Up the Heat Amid Robust Overseas Demand; Price Rise to Continue

28 Sep 2020 6:35 pm
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Mumbai (Commodities Control) - Red chilli prices continue to sizzle their way forward head higher despite rising arrivals in the major producing regions. Traders attribute it to robust overseas demand, due to which chillies in Guntur shot up Rs 3-5 per Kg, in Warangal mandi of Telangana on Friday, amid reduced arrivals today.

Guntur registered increased arrivals of 85,000 bags of red chillies, as export quality Teja and DD variety were quoted Rs 5 higher at Rs 160-180 and Rs 130-165 per kg respectively. Meanwhile 334/S-10 and 4884 varieties rose Rs 4 and Singenta, 341 upped Rs 3 per Kg each.

It is to be noted that Warangal registered arrivals of nearly 10,000 bags vs 7,000 bags on 25th September. 334 variety zoomed the highest by Rs 13 to Rs 110-143 per Kg. 1048, tomato and 341 were priced flat on Monday. Only Teja and Wonderhot dipped Rs 2 in Warangal.

According to the market participants, the majority of growers have sold their stocks to the merchants and middlemen when the prices nosedived during lockdown. Prices have started shooting up furiously, since last week.

Reports say that a quintal of the spice that's being sold is close to Rs 17,400, is almost double than what it was 5-6 months ago.

Since the harvest season is months away, the sudden spurt in prices is attributed to the gradual opening up of the supply chain sector after a prolonged lockdown shut markets for months.

According to market participants, there has been pent-up demand in the markets. Export channels too are opening up after being shut down for months.

It is being reported that some cotton farmers in Telangana are shifting to chillies encouraged by good prices. Unabated rains in the last few weeks led to water logging resulting in damage to cotton crop in several areas

Commodity

Market

Variety

Min

Max

Min

Max

Change(Max Today-Prev Max)

Arrival

Chilli

Guntur

334/S10

110

132

110

128

4

85000

Chilli

Guntur

TEJA

160

180

150

175

5

Chilli

Guntur

SINGENTA

120

148

120

145

3

Chilli

Guntur

273

120

148

120

148

0

Chilli

Guntur

No 5

130

155

120

155

0

Chilli

Guntur

341

130

170

130

167

3

Chilli

Guntur

4884

115

152

110

148

4

Chilli

Guntur

DD

130

165

120

160

5

Chilli

Warangal

334

110

143

110

130

13

10000

Chilli

Warangal

TEJA

160

180

150

182

-2

Chilli

Warangal

1048

120

135

120

135

0

Chilli

Warangal

341

130

155

130

155

0

Chilli

Warangal

TOMATO

140

175

140

175

0

Chilli

Warangal

W.HOT

145

168

145

170

-2


       
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