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Black Pepper News - Increasing Red Chilli supply reported at Guntur market, prices may go down in coming days
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Increasing Red Chilli supply reported at Guntur market, prices may go down in coming days

At Guntur market new arrivals from Kurnool, Prakasham, Badrachalam and Yemmiganur reported around 30,000 – 35,000 bags. As per trade information, 50 - 50% rain touch quality reported. From the 1st January 2021 to 04th February 2021, red chilli supply in Guntur market is reported to add up to around 60,300 MT as compared to last year’s 52,875 MT, up by 14.04% as stockists were releasing their old stocks. Continued increasing arrivals reported in major chilli market as new crop supply started entering with moisture quality. 
 
Buyers reported inactive at higher levels. Expected higher production in the coming marketing year is the main reason for lower demand at higher levels. Red Chilli prices likely to correct by Rs.1,000 - 1,500 /-qtl in February from current levels.