<div style="page-break-before:always; page-break-after:always">Sources said that the price in the local markets was escalating thanks to the good export orders. The chilli prices were just around &#8377;8,000-10,000 per quintal during the peak season before lockdown and they dipped to around &#8377; 6,000 per quintal due to the lockdown. Majority of the growers sold their stocks to the merchants and their middlemen after seeing the prices nose diving during the lockdown. Sources said that around 20 per cent of the farmers kept their stocks in the cold-storages after the merchants assured them of getting reasonably good prices after the lockdown. As anticipated by the traders, the prices started shooting up in the last 2-3 weeks. The prices touched an all-time high of &#8377;18,000 per quintal in the last two days. Sources said that about 30-40 lakh bags of stock is still parked in the cold-storages which might give decent profits to the traders. &ldquo;Teja and Byadigi varieties are commanding good prices due to the demand from exporters. The prices are relatively high,&rdquo; said L Kranti Sekhar, a leading chilli trader.Commission agents association former secretary Suresh Reddy said that production loss in some of the northern states due to the sudden floods and heavy rains has triggered the prices in the local markets. He said that common varieties too were fetching around &#8377;100-120 per kg which is almost 40-50 per cent increase from the lockdown period. He said that there was a demand from other states in view of the festive season.Guntur agriculture market committee chairman Ch Yesurathnam said that they were allowing the sale of the stocks even at the cold storage points to ease the traffic congestion in the market yard.

Demand For Dry Chilli Shoots Up, Prices Increase

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