Indian Chilli Expected to Remain Hot Why the demand for the export is already up and is expected to increase further in the coming days?

Since the beginning of the month, the Red Chilli prices have been steady, apart from one price drop recorded on January 4. From then onwards till Tuesday, December 11, the price for Red Chillies has been constant.

Market Overview

• On Monday, the spot markets were recorded between mixed and steady pricing for Red Chillies.
• The prices for the spice changed based on the different varieties of red chilli that were available in the market.
• It was reported the trend for most of the varieties in the spot market of Guntur and Warangal was constant.
• On Monday, the overall arrival of new crops was more than those that came into the market from cold storage.
• The demand for varieties like Syngenta, Byadgi, and 341 was significantly down.
• The spot markets were reported to have good demand for No.5 and 334.
• It is believed that overall, more arrival of the produce than the low demand resulted in the prices fall on Tuesday.

Arrivals 

The arrival of the crop in the main spot markets across India was reported as follows:

• Guntur recorded the arrival of 40,000 bags.
• Warangal reported having recorded the arrival of 15,000 bags. This number was of the fresh batch in the market compared to 1,500 bags from cold storage.

Predictions 

• The demand for the export is already up and is expected to increase further in the coming days. The trend of Red Chilli prices is expected to become more apparent in the coming days, mainly after the Pongal festival. Buyers are expected to get active with the supply of new crops for future cold storage stocks.

Prices

Dry Chilli S4 Stemless

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