Chilly Prices Show Weak Trend as Arrivals Surge

Mumbai, April 15 (CommoditiesControl): Chilly prices across major markets showed weak sentiments today amid notable increase in arrivals. Following the reopening of markets after closures for 2-3 sessions due to holidays, arrivals surged significantly. Concurrently, demand remains subdued, attributed to the shorter wedding season.

Arrivals in the Guntur markets totaled 120,000 bags, marking a decrease of 40,000 bags compared to the previous session. Meanwhile, Warangal and Khammam markets reported arrivals of 120,000 and 60,000 bags, respectively.

Analysts suggest that with prices experiencing sharp declines, demand is anticipated to pick up. End-consumer demand demonstrated strength today and is expected to further increase in the coming days. However, the market is likely to witness limited aggressive price increases due to higher carry-in combined with higher-than-expected supply.