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Red Chillies News - Guntur Red Chilli Physical Market Opened with a Strong Sentiment
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Guntur Red Chilli Physical Market Opened with a Strong Sentiment

As AgriWatch expected earlier, Red Chilli prices opened higher today after summer vacation due to good quality cold storage  arrivals. Current year, due to unseasonal rainfall during November and December and virus attack quality of Chilli reportedly gets damaged. AgriWatch expects,cold storage stocks are reportedly lower by 23% in Andhra Pradesh during the current season.  
 
At Guntur market , Red Chilli NCDEX Quality began firm at INR 20,000 - 20,500 per quintal, higher by 20.59 per cent as against last trade. Total Clod storage arrivals are at 20,000 Bags. Red Chilli LCA 334 (S4) began strong at INR 21000 - 21500 per quintal, up by 13.16 per cent against previous trading day,Teja (S17)  high at INR 18500-20000 per quintal, up by 8.11 per cent as compared to last trade. AgriWatch expects chilli prices likely to go up further.