Pressure on Red Chilli Prices

09-Jan-2025 10:35 AM

Pressure on Red Chilli Prices
New Crop Arrivals:
New harvest arriving in Andhra Pradesh, Telangana, and Karnataka, increasing availability due to higher stocks and average crop yields.
Weak demand persists.
Stock Levels:
Andhra Pradesh cold storage: 35-38 lakh bags (1 bag = 40 kg).
Guntur: 31 lakh bags.
Telangana: 35 lakh bags.
Karnataka: Record 40 lakh bags (1 bag = 30 kg).
Export Update:
India exported 3.3 lakh tons of red chilli between April and October, a 9% increase from last year's 3.04 lakh tons (Spices Board of India).
However, lower prices led to reduced earnings in USD.