02 March 2008

Chilli turns hot as warehouses run for cover

Chilli prices rose on Thursday on buying prompted by empty exchange warehouses and scarcity of good quality produce in the spot, analysts said. “Exchange warehouses have no stocks. There is no delivery pressure...export demand is also supporting prices,” said an analyst with Anand Rathi Commodities.

In the first 10 months of 2007-08, chilli exports jumped 50.2% to 157,500 tonnes, compared with 104,885 tonnes in the same period a year ago.

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