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Increasing Chilli supply reported at Guntur market and Agriwatch expectation
Published on: Jan 13 2022, 07:53
From 1st January 2022 to 12th January 2022, red chilli supply in the Guntur market is reported to add up to around 22,500 MT as compared to last year’s same period 18,225 MT, up by 23.46% as cold storage supply continued in the spot market with new crop supply with small quantity.
However, we expect farmers and stockists may hold their stocks on expectations of higher prices in coming days. Due to unseasonal rainfall in AP, Telangana and Karnataka chilli quality reported damaged and we expect demand will be good for premium variety in coming months and support the prices.