Mumbai, June 23 (Commoditiescontrol): Mixed cues were observed in chilli prices across different markets on Monday. In Guntur, prices fell for several varieties, whereas in Warangal, prices saw an upward trend, and Khammam experienced mixed price movements. The market saw subdued buyer activity as recent rainfall in chilli-growing regions alleviated concerns about a significant reduction in acreage. Market sources indicated that the lack of export demand is contributing to the current low demand for chillies.
Seed sales have exceeded expectations, suggesting a potential decrease in chilli acreage by around 10%, despite a noticeable drop in prices. The overall arrivals of chilli bags were recorded at 99,000, with most stocks coming from cold storage. Guntur's market reported 75,000 bags, maintaining stability from the previous session.
Warangal saw a significant increase, reporting 15,000 bags compared to 5,000 in the previous session. Non-air-conditioned (Non-A/C) bag arrivals across markets were projected to range between 22,000 to 25,000 bags.
Looking ahead, prices are expected to remain range-bound with a short-term downward bias due to the ample supply. The full capacity of cold storage facilities indicates a plentiful supply, and the anticipated continued low export demand could prevent any substantial price hikes in the near term.
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