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Farmers continued to release their stocks on higher prices
Published on: Nov 23 2022, 03:38
As we mentioned earlier, new crop arrivals have started from Bedia and Byadgi markets. As a result of which some marginal corrections were reported during the start of this week. However, on good demand in the market, prices are trading steady today in major spot markets after the marginal corrections reported .
Farmers and stockists continued to release their stocks on getting higher prices due to which arrivals reported up by 1,000 bags in guntur benchmark market.
However, there is a fear among them of further corrections on the start of new crop arrivals from Bedia and Byadgi markets. As a result of which they are continuously releasing their stocks.
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- Red Chilli prices were trading at weaker side today amid high arrivals (Subscribers Only)270123
- Red Chilli prices remain stable at higher range today (Subscribers Only)230123
- New crop supplies are arriving in bulk quantities in Red Chilli spot markets
- Red Chilli prices in Karnataka reported firm on tight supply
- Prices reported firm in the Byadgi market today
- As per the govt. data, overall spices exports reported down in the November 2022
- Red Chilli new crop arrivals have started at a relatively faster rate
- Adverse weather conditions are affecting the arrivals in the market
- Bullish sentiment is reported in Bedia Market