STOCK MARKET BSE NSE

Chilli stocks flood NTR market yard

Officials take steps to curb traffic jams on yard premises due to presence of huge stocks

Published: 08th April 2021 05:53 AM  |   Last Updated: 08th April 2021 08:29 AM   |  A+A-

Guntur market yard officials gear up for large-scale arrival of chilli stocks | Express

By Express News Service

GUNTUR: Chilli in large quantities arrived at the Guntur Mirchi Yard as trading resumed on Wednesday after four consecutive holidays.The officials of the mirchi yard were a bit surprised to see arrival of chilli in large quantities. Usually, such large-scale arrivals are witnessed in March but due to consecutive holidays, farmers came in large numbers to sell their produce.  

At the same time, exports to Bangladesh, Columbia and other countries are moving at a snail’s pace due to Covid-19. Due to this, the chilli stocks are piling up in the yard. A total of 1,71,475 bags have piled up by last Thursday. On Tuesday, 1,68,055 bags arrived at the market yard. Of which, 1,35,967 bags were sold. On Wednesday, out of 1.5 lakh bags that arrived at the yard, nearly one lakh bags were sold. 

With the market yard flooding with massive stocks of chilli, the authorities swung into action to manage the arrival of stocks. Large number of lorries and trucks with heavy load got stranded in traffic for a few hours on Wednesday.“The traffic jams are common in the months of April and May,” said a farmer from Prakasam district, who came to sell his produce.

An official of the yard said that at present, there are over three lakh bags of chilli piled up in the yard. “The market yard will have over four lakh bags of chilli on Thursday. As the market will remain shut for the weekend and with two more holidays coming up in the next week, farmers are in a hurry to sell their produce in the next two days,” he added.The prices of chilli varieties are as follows: Teja Rs 6,500-Rs 15,200 per quintal, Badiga Rs 8,000 to Rs 20,000 per quintal, 334 variety Deluxe Rs 12,500, 341 variety Deluxe Rs 14,500. 

Chilli prices make farmers happy

Interestingly, chilli has reported record prices this season with almost all varieties fetching good returns for farmers
However, farmers expressed concern over lowering of prices by the traders, citing the huge availability of stocks in the yard
Meanwhile, exporters said the market is steady and might not go down so soon



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp