Chilli

Red Chilli Market Stable & Strong

Mintec Global
Spread the news!

The heat has again increased in most areas of North India, including the capital Delhi. Due to this, there has also been a slowdown in selling other grocery commodities, including red chilies. But in the next few days, it is predicted despite the low sale. Therefore, the price will remain stable for red chilies.

Current Scenario

The Summer vacation in Guntur Mandi of Andhra Pradesh is about to end, and the business is expected to resume on June 14.

Before the start of the holiday, the arrival of red chilies was again increased to about 60-70 thousand sacks.

Farmers in Andhra Pradesh and Telangana had limited the sale of their red chili crop for some time in anticipation of higher prices in the future.

In the past, the red chili crop was already feared to be weaker than average in all three major states of India, Andhra Pradesh, Telangana, and Karnataka. This was the reason that even after introducing the new crop this time, it didn’t bring down the price. Instead, in the grocery market, the commodity price remained high on the spot.

Surprisingly, from the beginning of the season till recently, there were reports of red chili prices remaining strong in other big mandis, including Gunter, even after the farmers increased their selling.

But despite the slow selling, the price is expected to stay stable.

Future

Monsoon season is also expected to start in Andhra Pradesh soon. Therefore, red chili can remain at its present level in the coming days.

The Chilli S4 stemless prices were recorded at $2,40 per kg FOB.