New Delhi, 31 August (NNS): Red chilli prices are currently witnessing a sluggish trend as demand reported to be weak. Guntur mandi remained closed a day earlier due to the weekly holiday. The prices of red chilli 334 no. prices had recently risen by Rs 500 to Rs 23300/24200 per quintal. The Production seems high this season, due to this, the arrivals showed uptrend in major markets such as Guntur and Warangal. Weak demand from key importing countries such as China, Bangladesh and Malaysia has affected exports. Sufficient amount of stock has been lying in China, due to this reason, the demand seems weak from the country. As a result, prices of varieties such as Teja chilli, which are mainly export-oriented, are under pressure.