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Lower Supply Reported at Guntur Chilli Market Today

At Guntur market , Red Chilli NCDEX Quality started at INR 20,000-21,000 per quintal, unchanged as compared to previous close. Traders reported arrivals at 40,000 Bags, lower by 10,000 Bags from previous day's arrivals.
 
Fresh export demand is coming from Bangladesh, Indonesia and Malaysia at Guntur market supporting the prices, demand from China has also started and it may improve further in coming days. This is the reason stockists and farmers are now holding their stocks on expectations of bullish prices in coming days.
 
As on 1st July 2022, Red Chilli LCA 334(S4) started at INR 21,000-24,000 per quintal, steady against previous close. Red Chilli Teja(S 17), started at INR 19,000-22,000 per quintal, unchanged as compared to previous close. Red Chilli No.273, began at INR 21,000-23,500 per quintal, steady as against previous close. Red Chilli No.5 began at INR 22,000-24,500 per quintal, steady against previous close. Red Chilli Fatki  opened at INR 8,000-12,000 per quintal, unchanged as compared to previous close.