Chilli surges on fresh buying

Chilli prices escalated on robust demand. Spot prices traded near Rs 7800 per quintal and fresh arrivals were noticed around 80000 bags.
Rains in December end had badly affected the quality of crop output. As per market sources, production in 2010-11 were expected near one million tons which is 16 percent lesser than last year production.
Attention of farmers to highly rewarding crop like turmeric and cotton and erratic weather condition during the sowing period had considerably reduced the area under cultivation.

(Source: http://www.commodityonline.com/futures-trading/tradingtips/Chilli-surges-on-fresh-buying-12407.html)