The price hike is likely to continue in the future for the Red Chilli. That is due to the limited arrival of the stock in the spot markets.
People are now eager to buy the commodities from the cold storage, mainly the Teja variety, which has resulted in the market moving up. As per the Guntur market report, there is also good domestic demand for Red Chilli. As a result, the supply to states like Bengal, Orissa, and Himachal is rising.
According to experts, three factors have affected the crops:
- First, unseasonal rainfall affected the standing crops during the winter.
- The standing crops got infected by the virus and pests.
- The unseasonal rain and the use of pesticides have dropped the quality of the produce.
These have resulted in the leading red chilli market suppliers lowering their supply to the spot markets.
As per reports, the overall production of red chilli s also down by 40 percent.
All these factors point towards the Red Chilli market to move upward in the coming days. So far in February, we have witnessed a constant improvement in the price of red chilli. However, the market has remained firm and stable.
Price Trend
Chilli S4 Stemless
| Date | Price |
| February 14 | $2,06 per kg FOB |
| February 7 | $2,055 per kg FOB |
| February 3 | $2,050 per kg FOB |
| February 1 | $2,03 per kg FOB |
| January 31 | $2,02 per kg FOB |
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