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Red Chilli Prices Rebound amid Lower Level Buying, 'Teja' Rises Rs 7/Kg

20 Jan 2021 6:08 pm
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Mumbai (Commodities control) - Red chilli bounced back on Wednesday, after days of weakness, in Guntur and Warangal mandis. The export variety red chilli- ‘Teja’ was Rs 7 per Kg stronger in Guntur and steady in Warangal amid rising arrivals and improved demand.


Guntur market registered arrivals of 20,000 bags vs 6,000 bags on Tuesday. Most of the red chilli varieties rose Rs 5/Kg in Guntur. Meanwhile in Warangal mandi, red chilli varieties 341 and Wonderhot rose by Rs 1-7 per Kg amid arrivals of 7,000 bags vs 5,000 bags of red spice.


Arrivals of the new crop are expected to gradually pick up pace as the season enters its peak harvest from mid-January. The new crop has already started coming into the key wholesale markets of Andhra Pradesh, Telangana, Karnataka and Madhya Pradesh and the arrivals are likely to peak over the coming weeks.


However the market is wary off supply pressure of the new crop, ample carry forward stocks due to low consumption and expectations of a bigger crop in the current season are also seen pushing prices down in the near future.


India's chilli production in the current season 2020-21 (Jul-Jun) is seen at 1.7 mln tn, 10-15% higher than the previous year, according to trade estimates.


Commodity

Market

Variety

Price

Price

Prev_Price

Prev_Price

Change(Max Today-Prev Max)

Arrival

Chilli

Guntur

334/S10/

90

120

0

20000

Chilli

Guntur

TEJA

125

155

125

148

7

Chilli

Guntur

SINGENTA

130

175

130

170

5

Chilli

Guntur

No 5

120

160

130

155

5

Chilli

Guntur

341

130

160

130

155

5

Chilli

Guntur

DD

125

175

160

170

5

Chilli

Warangal

334

125

135

0

7000

Chilli

Warangal

TEJA

140

155

140

155

0

Chilli

Warangal

1048

140

150

140

150

0

Chilli

Warangal

341

160

178

160

177

1

Chilli

Warangal

W.HOT

185

195

180

188

7



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