Chilli, Jeera prices decline on subdued demand

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SummaryRed chilli and jeera prices fell by Rs 200 per quintal in the national capital.

Red chilli and jeera prices fell by Rs 200 per quintal in the national capital today on subdued demand from retailers and stockists amid adequate stocks.

Weakening trend in futures market and hopes of a greaterarea under cultivation and higher output also put pressure on the select spice prices.

Red chilli prices fell by Rs 200 to Rs 6,700-11,800 per quintal on reports of higher output estimated in the current year.

Jeera common and best quality also declined by Rs 200 each to conclude at Rs 14,200-14,400 and Rs 17,200-17,800 per quintal.

Marketmen said subdued demand from retailers and stockists amid adequate stocks, mainly pulled down chilli and jeera prices on the wholesale kirana market here. The following are today's quotations: Ajwain 10,000-15,000, black pepper (per kg) 425-560, betel-nut (kg) 180-200, cardamom brown-Jhundiwali (kg) 800-900 and cardamom brown-Kanchicut (kg) 950-1,050.

Cardamom small (kg): Chitridar 760-900, cardamom (colour robin) 750-890, cardamom bold 750-850, cardamom extra (bold) 950-1,080 and cloves (kg) 620-700.

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