The red chilli spot markets displayed mixed trends, registering an average price decline of around 1.65%. Weak market sentiment persisted due to the arrival of the new crop and low demand, fostering expectations of continued price reductions.
Total arrivals of red chilli in November decreased by 12.69% compared to the previous week but showed a significant increase of 24.86% compared to the same period last year.
The market dynamics are expected to remain under pressure. Prices may fluctuate influenced by ongoing new crop arrivals and market demand.