Mumbai, February 28 (Commodities Control): Chilly prices in major markets are presenting a mixed picture, reflecting varied trends across key regions. Guntur is reported to be almost stable, Khammam is witnessing an upward trend, while Warangal is experiencing a decline.
The price rebound in Khammam is attributed to lower Teja prices compared to other centers, sparking increased buying activity. However, the market is grappling with higher-than-anticipated supply, creating pressure on prices. Additionally, the export demand from Bangladesh is reported to be sluggish, further influencing the overall pricing dynamics. Notably, Teja Deluxe prices have seen a slight recovery after a sharp decline in the previous week.
Despite robust domestic demand, the chilly market is facing challenges from subdued export demand, particularly to Bangladesh. This has contributed to price pressure, despite the improved quality of arrivals compared to the previous seasons that were marred by floods and excessive rain.
In Guntur, Teja Deluxe quintal prices range between Rs 20,500 and Rs 21,000, while Teja reports quintal prices ranging from Rs 17,000 to Rs 20,500, remaining unchanged from the previous session.
Market reports indicate that arrivals in the Guntur markets totaled 75,000 bags, marking a decrease of 55,000 bags from the previous session. Khammam and Warangal markets reported arrivals of 85,000 and 80,000 bags, respectively. While Khammam witnessed a decrease of 5,000 bags, Warangal experienced an increase of 35,000 bags.
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