Prices are trading steady at higher level due to lower export demand
Published on: Sep 21 2022, 11:55
On decreased export demand as a result of the financial crisis in major exporting countries and also prices are trading at an all-time high due to low production of premium quality, prices are still trading steady in most of the red chilli benchmark markets.
At Guntur Market, Red Chilli NCDEX Quality started the day at INR 23,000-24,000 per quintal, steady as compared to previous day. Arrivals were reported at 50,000 bags, lower by 10,000 bags from previous day's arrivals.
Red chilli LCA 334(S4) began at INR 24,000-26,000 per quintal, Red Chilli Teja(S 17) started the day at INR 20,000-22,500 per quintal, red chilli Byadgi began at INR 29,000-30,000 per quintal, unchanged as compared to previous day.
US 341 opened at INR 29,000-30,000 per quintal, Denvor Delux started the day at INR 28,500-29,500 per quintal, Indam 5 began at INR 27,500-28,000 per quintal.