In the month of July, 22 Chilli witnessed three years’ highest price. Afterward, September month is observing a minor slowdown.
Sources State, that there are reports of good monsoon rains this time in the leading red chili-producing states of the country like Andhra Pradesh and Telangana. Red chill is expected to have less than expected crop in Madhya Pradesh. Rains and floods have affected the crop. There is the possibility of red chilies rising after a brief pause In the current month, as a new crop of red chilies is about to arrive in Madhya Pradesh and the status of the crop is not clear but farmers and traders have informed that rains and floods may cause damage,
Teja red chilies in Guntur have been reduced by $0,12 to $ 1,88-2,75, Similarly, in Warangal Markets of Telangana, Teja red chilies fell by $0,12 to 2,32-2,63 per kg.
According to experts, demand by exporters has weakened due to higher than normal prices. Therefore, in the near future, slight stability is expected.
The Chilli S4 stemless prices were Recorded at $2,65 per kg FOB.
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