New Delhi, 23 April (NNS): The prices of red chilli reported to be slugged because of the weak offtake. This year, the stock of red chilli reported to be week as compared to the previous year in the markets of Guntur, Karnataka and khamm. Recently, the prices have gone up by Rs 500 per quintal. As a result, the prices of red chilli 334 no. remained stable at Rs 23000/25000 per quintal. It is expected that the production of red chilli will likely to be big as compared to the previous year due to the unfavourable weather conditions. The arrivals of best quality chilli reported to be weak, due to this reason, it’s prices have been ruling at the higher level. There is a shortage of best quality stock in the markets, due to this, the stockist have stored the stock. Apart from this, the export demand seems strong majorly in China and Bangladesh, due to this, there are no fluctuations in the market and the prices will likely to increase in the near future.