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Red Chillies News - Red Chilli prices continued to trade sideways at higher levels
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Red Chilli prices continued to trade sideways at higher levels

As we mentioned earlier, on lower stocks of premium quality and high demand in export and domestic market, it is trading at its high. As a result of which, prices in guntur market reported steady at higher levels and today NCDEX quality is trading at INR 26,000-27,000 per quintal, steady from previous day. 
 
Currently, there is a very good demand of 334 quality from Tamil Nadu and Sri Lanka and hence it is trading at INR 28,000-29,000 per quintal up by almost 200% from the previous year. 
 
On getting higher prices, farmers and stockists continuously release their stocks and today it is up by almost 50% from the previous day.