Weak sentiment was recorded in Red Chilli during the past month
Published on: Dec 05 2022, 01:28
Decreased demand has been recorded in the export market on financial crisis in major exporting countries. However, currently there are normal demand in domestic market but higher arrivals has put cap on prices which likely to decline in coming months on new crop arrivals.
New crop supply has started from Bedia and Byadgi market as a result of which around 5,950 MT was reported in Bedia market up by almost 25% from the past month. However, in Byadgi market farmers and stockists weren’t released their stocks in bulk quantities due to which supply reported down by 25.71% from the past month and recorded at 3,640 MT.
On the start of new crop supplies and increased production, farmers and stockists are in fear of correction in prices as a result of which supply reported up by 67.15% from the past month.