MTECHTIPS:Chilli futures expectation of improvement

Chilli futures may continue to rise due to expectation of improvement in domestic demand and export orders from Bangladesh and Sri Lanka. As per the Minister of State for Commerce & Industry, Government has approved establishment of a Spice park at Guntur, Andhra Pradesh at a cost of Rs.23 crores to empower the chilli farmers to have better price realization and wider markets for their produce. The Government of Andhra Pradesh had allocated 124.78 acres of land in favour of Spice Board, for setting up of this Spices Park. The installation of the plant & machinery for processing of Chilli is in progress and the target for completion of the project is December, 2012.



    Comments are closed.

    NOTE : You are advised to take your position with your sense and judgment.The views and investment tips expressed by users on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions. If any other company also giving same script and recommandation then we are not responsible for that. We have not any position in our given scripts. Visiting our web one should by agree to our terms and condition and disclaimer also. All credit goes to original authors of post on this website. Website owner is not responsible for any loss due to your own decision or judgement. Thanks for Visiting our Website.