April 15, 2024


The business lovers

Red chilli prices turn hotter as pent-up demand surfaces

There is a unexpected spurt in the charges of chillies in Telangana and Andhra Pradesh. Studies say that a quintal of the spice is being marketed at ₹17,four hundred, which is nearly double than what it was 5-six months back.

Since the harvest season is months absent, the unexpected spurt in charges is attributed to the gradual opening up of supply chain sector immediately after a extended lockdown shut marketplaces for months.

“There has been a pent-up demand as the marketplaces were closed for months during the lockdown period of time. Export channels also are opening up immediately after being shut down for months,” M Ramesh, a farmer from Khammam, informed BusinessLine.

Change from cotton

The farmers are in the system of sowing the seedlings for the present kharif season. A excellent range of farmers are sourcing the seedlings from nurseries at ₹2-three a piece. “Some cotton farmers, also, are shifting to chillies inspired by excellent charges. Unabated rains in the last few weeks led to drinking water logging resulting in damage to cotton crop in several parts,” P Ramesh, a farmer from the Warangal Rural district, explained.

Even though Telangana farmers grew the spice on 2.ten lakh acres, their Andhra Pradesh counterparts grew the crop on three.forty five lakh acres.