Mumbai, March 20 (CommoditiesControl): Chilli market today showed mixed trends, with prices diverging across key trading hubs. While some varieties witness a downward trend in Guntur, others surge in Khammam, underscoring the market's volatility.
Today's trading session in Warangal remained closed due to a surge in arrivals with the onset of the summer season. As temperatures rise, market operators anticipate sporadic operational days in both Khammam and Warangal, aligning with seasonal patterns.
The driving forces behind the fluctuating prices are manifold. On one hand, dwindling demand coupled with an unforeseen surge in arrivals has precipitated a downward pressure on prices. However, amidst this turbulence, varieties such as Teja and Teja Deluxe have managed to maintain a relatively stable price range, witnessing a marginal decline compared to their counterparts over the past few weeks.
According to recent data, arrivals in Guntur and Khammam markets stand at 100,000 and 25,000 bags, respectively. Notably, Guntur continues to report steady inflows, whereas Khammam observes a slight decline of 10,000 bags, indicating localized shifts in supply dynamics.
The market sentiment is heavily influenced by the surplus carry-in stock juxtaposed with the unexpectedly high supply influx, exerting further downward pressure on prices. Nevertheless, it's worth noting that prices have already undergone significant corrections from previous peaks, fostering an environment of relative stability.
Looking ahead, industry experts opine that prices are likely to maintain their current trajectory, with a potential inclination towards stability or modest firmness.
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