Fundamental factors & price drivers-chilies

Discuss Fundamental factors & price drivers-chilies at the Softs within the; FUNDAMENTAL FACTORS & PRICE DRIVERS- CHILIES  Today’s spot arrivals are around 35,000 to 40,000 ...

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Old 13th October 2011, 11:47 AM
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Default Fundamental factors & price drivers-chilies

 Today’s spot arrivals are around 35,000 to 40,000 bags and the price quoted for NCDEX quality
is around Rs.8000 – 85000 Per Qtl.
 Export demand from Pakistan receded little and is expected to resume in the next month.
 Total stock position around Guntur is around 20 lakh bags. New crop comes to market only after
three months.
 Chilli farmers around Guntur are worried about recent dry spells around Guntur.

Margin only 5% on LTP

oct previous close is 8732
nov previous close is 8576
dec previous close is 8254
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