Chilli plunges on fresh arrivals

Chilli futures cascaded due to the slow down in demand as well as arrival sentiments. Spot prices traded near Rs 9100 per quintal. Fresh arrivals were reported near 55000 bags compared with 50000 bags in the previous day. As per media sources, Domestic market intelligence Cell ( DEMIC) sources told farmers to hold the stock and sell towards May �June to take advantage of better pricing.

http://bit.ly/j2qLIi