Red chilly to remain positive following festival demand

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Red Chilli prices ruled steady at the benchmark markets of India after witnessing losses on previous session due to limited inquiry and reluctant sellers at the lower level.

Red Chilli arrivals at Guntur market today reported around 80000 bags as against 70000 bags yesterday.

Sellers are reluctant to sell their Red Chilli produce at the lower level as they anticipate some revival in demand ahead of festival.

Red Chilli sowing in Andhra Pradesh as on September 21 stood at 121,000 hectares, against 98,000 hectares a year ago, while in Telangana Chilli cultivation reached at 58,000 hectares from 36,000 hectares previous year.

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