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Red Chilli Prices Firm as Crop Arrivals Pick Pace; Teja Prices for 4th Straight Session

21 Jan 2021 4:44 pm
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Mumbai (Commodities control) - Red chilli was quoted Steady-to-firm across the apex mandis of Guntur and Warangal on Wednesday. The export variety red chilli- ‘Teja’ was quoted unchanged from the previous session in Guntur and rose Rs 5/Kg in Warangal. The export variety chilli has been strong-to-steady in its price trend amid improved buying.


Guntur market registered arrivals of 30,000 bags today vs 20,000 bags on Wednesday. Most of the red chilli varieties were steady in Guntur. Meanwhile in Warangal mandi, red chilli varieties were generally firm while red chilli variety 334 shed Rs 5/Kg. It is to be noted that 341 variety of red chilli shot up Rs 5 and Rs 6 in Guntur and Warangal mandi respectively. Warangal mandi reported arrivals of 6,000 bags vs 7,000 bags of red spice in the last session.


Arrivals of the new crop are gradually picking pace as the season enters its peak harvest. The new crop has 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

90

120

0

30000

Chilli

Guntur

TEJA

125

155

125

155

0

Chilli

Guntur

SINGENTA

130

175

130

175

0

Chilli

Guntur

No 5

120

160

120

160

0

Chilli

Guntur

341

130

165

130

160

5

Chilli

Guntur

DD

125

175

125

175

0

Chilli

Warangal

334

120

130

125

135

-5

6000

Chilli

Warangal

TEJA

140

160

140

155

5

Chilli

Warangal

1048

140

150

140

150

0

Chilli

Warangal

341

160

184

160

178

6

Chilli

Warangal

W.HOT

185

195

185

195

0



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