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Red Chillies News - Prices traded rangebound in Guntur Spot Market
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Prices traded rangebound in Guntur Spot Market

At Guntur Market, Red Chilli NCDEX Quality started the day at INR 20,000-21,000 per quintal, steady as compared to previous day. Arrivals were reported at 50,000 Bags, unchanged as compared to previous day's arrival. However arrivals are reported down as compared to past week due to rainfall received in Guntur and nearby areas during the past three days. 

 
Prices are also trading steady today. However, Red Chilli prices in Guntur likely to go up amid good export demand, also stocks of premium quality are less likely to support the prices in coming days. Demand from masala industry is also expected to come in nearby days.
 
As per the trade sources, Red Chilli LCA 334(S4) opened at INR 21,000-24,000 per quintal, Red Chilli Teja(S 17)  started the day at INR 18,500-21,500 per quintal, Red Chilli No.273  began at INR 21,000-23,500 per quintal, Red Chilli No.5  opened at INR 22,000-24,500 per quintal, Red Chilli Fatki  began at INR 8,000-12,000 per quintal, steady as against previous day.
 
Red Chilli Byadgi began at INR 23000-26000 per quintal, unchanged as compared to previous day. Red Chilli US 341 began at INR 24,000-28,000 per quintal, Red Chilli Denvor Delux  began at INR 23,000-26,500 per quintal, Red Chilli Indam 5  started at INR 23,000-24,500 per quintal, steady as compared to previous day.