Red Chilly Market Update
Overall there is a reduction of 10-15% in Chilly growing area. But the carry forward stocks are adequate with traders and exporters. So the overall availability is good. Area under 334 reduced significantly. There are reports of viral infections in 334 and other hybrids. Teja growing area has increased and viral infections reportedly very low compared to 334. Hence the prices may be higher than 2017 expected to be in the range of 75-85 and 90-95 for Teja. Too much upward movement is not anticipated. Peak arrivals will start from second week of March till end of April. IPM (Teja, 341, Indam5 etc) arrival will starts by second half of February, 334 will start by March. Prices of 334 and 273 are likely to go higher due to lower availability of good quality.