Business Standard

Fresh arrivals fail to pull down chilli prices

Related News

Despite fresh arrivals, chilli prices in Andhra Pradesh continue to go up. Fresh crop (special chillies) fetched Rs 7,000 a quintal at Khammam and Rs 6,300 at Guntur, while Teja mirchi quoted at Rs 6,600 at Warangal today. Even minimum prices for these chilli varieties ruled at Rs 4,700, Rs 5,500 and 4,900 a quintal respectively.
 
K Rosaiah, president, Guntur Chillies Merchants' Association, and M Sivaramaiah, yard special grade secretary, attributed the bullish trend to a spurt in export orders from Sri Lanka, Bangladesh, Singapore and Malaysia.
 
Chilli exports from AP in 2006-07 touched 0.9 lakh tonne valued at Rs 390 crore as against exports 0.75 lakh tonne (at Rs 300 crore) in the previous year (2005-06). Export from the state accounted for 60 per cent of the country's export this year.
 
The total output of chilli in the country this year has been 10-12 lakh tonne against 8-10 lakh tonne recorded in the previous year (2005-06). AP accounted for about 6-7 lakh tonne. The crop, estimated at 2.82 lakh tonne, was grown in 62,000 hectare in Guntur district alone.
 
At the Warangal market today, farmers on average got Rs 3,400-Rs 5,050 for GT chilli, Rs 3,500-5,075 for WH chillies, Rs 4,900-Rs 5,750 for Desi chillies and Rs 4,900-Rs 5,600 for special varieties. Common chilli varieties were quoting between Rs 3,800 and Rs 4,600 in Guntur on the same day.
 
Special mirchi fetched Rs 4,200-Rs 6,300, while common varieties quoted at Rs 3,000-Rs 5,500 at Guntur on March 26. Teja mirchi was auctioned at Rs 4,700-Rs 6,500 at Khammam.
 
On March 23, which was the weekend auction day, traders paid Rs 4,100-Rs 6,200 for special chillies and Rs 3,000-Rs 5,500 for common chillies at Guntur. Red chillies fetched Rs 4,200-Rs 6,005 at Khammam.
 
On the same day at Warangal, farmers received Rs 4,700-Rs 5,850 for Desi mirchi, Rs 5,200-Rs 6,100 for special mirchi, Rs 4,900-Rs 6,000 for Teja mirchi.
 
On March 22, traders paid Rs 4,200-Rs 6,200 for special varieties and Rs 3,000-Rs 5,500 for common varieties at Guntur. Teja chilli was auctioned at Rs 4,500-6,200 per quintal at Khammam. At Warnagal, Desi variety was quoting between Rs 4,500-Rs 5,650, Special chilli at Rs 4,800-Rs 5,400 and GT variety at Rs 3,500-Rs 4,700.

 
 

Read more on:   
|
|
|
|

Fresh arrivals fail to pull down chilli prices

Despite fresh arrivals, chilli prices in Andhra Pradesh continue to go up. Fresh crop (special chillies) fetched Rs 7,000 a quintal at Khammam and Rs 6,300 at Guntur, while Teja mirchi quoted at Rs 6
Despite fresh arrivals, chilli prices in Andhra Pradesh continue to go up. Fresh crop (special chillies) fetched Rs 7,000 a quintal at Khammam and Rs 6,300 at Guntur, while Teja mirchi quoted at Rs 6,600 at Warangal today. Even minimum prices for these chilli varieties ruled at Rs 4,700, Rs 5,500 and 4,900 a quintal respectively.
 
K Rosaiah, president, Guntur Chillies Merchants' Association, and M Sivaramaiah, yard special grade secretary, attributed the bullish trend to a spurt in export orders from Sri Lanka, Bangladesh, Singapore and Malaysia.
 
Chilli exports from AP in 2006-07 touched 0.9 lakh tonne valued at Rs 390 crore as against exports 0.75 lakh tonne (at Rs 300 crore) in the previous year (2005-06). Export from the state accounted for 60 per cent of the country's export this year.
 
The total output of chilli in the country this year has been 10-12 lakh tonne against 8-10 lakh tonne recorded in the previous year (2005-06). AP accounted for about 6-7 lakh tonne. The crop, estimated at 2.82 lakh tonne, was grown in 62,000 hectare in Guntur district alone.
 
At the Warangal market today, farmers on average got Rs 3,400-Rs 5,050 for GT chilli, Rs 3,500-5,075 for WH chillies, Rs 4,900-Rs 5,750 for Desi chillies and Rs 4,900-Rs 5,600 for special varieties. Common chilli varieties were quoting between Rs 3,800 and Rs 4,600 in Guntur on the same day.
 
Special mirchi fetched Rs 4,200-Rs 6,300, while common varieties quoted at Rs 3,000-Rs 5,500 at Guntur on March 26. Teja mirchi was auctioned at Rs 4,700-Rs 6,500 at Khammam.
 
On March 23, which was the weekend auction day, traders paid Rs 4,100-Rs 6,200 for special chillies and Rs 3,000-Rs 5,500 for common chillies at Guntur. Red chillies fetched Rs 4,200-Rs 6,005 at Khammam.
 
On the same day at Warangal, farmers received Rs 4,700-Rs 5,850 for Desi mirchi, Rs 5,200-Rs 6,100 for special mirchi, Rs 4,900-Rs 6,000 for Teja mirchi.
 
On March 22, traders paid Rs 4,200-Rs 6,200 for special varieties and Rs 3,000-Rs 5,500 for common varieties at Guntur. Teja chilli was auctioned at Rs 4,500-6,200 per quintal at Khammam. At Warnagal, Desi variety was quoting between Rs 4,500-Rs 5,650, Special chilli at Rs 4,800-Rs 5,400 and GT variety at Rs 3,500-Rs 4,700.

 
 
image

Read More

'Stressed' cement firms planning to raise rates

Cement manufacturers are mulling to raise prices following the recent rail freight hike as well as last week's petrol and diesel price increase. ...

Recommended for you

Advertisements

Quick Links

Market News

Nifty holds 8450; SBI ends 2.4% lower post results

Sensex ends 148 points higher at 27,957. HDFC, ONGC, TCS gain

Sensex ends above 27,900 amid volatile session

Provisionally, the Sensex gained 134.71 points to end at 27,944.06 and the Nifty rose 27.80 points to close at 8,448.80

Sangam (India) zooms over 50% in four days on stake hike by promoter

The stock is currently trading at its record high of Rs 125 and has rallied 54% from Rs 81 on May 19.

Sagar Cements surges after turnaround in Q4

The stock surged 16% to Rs 408 after reported net profit of Rs 21.70 crore in March quarter against loss of Rs 11.36 crore in the year ago ...

SBI pares early gains post Q4 results

The stock surged 5% to Rs 305 after reported 23% year on year jump in standalone net profit at Rs 3,742 crore in March quarter.

 

Back to Top