1. Home >
  2. Export Import News >
  3. Export News >
  4. Chilli not so hot as harvest gains momentum >
  5. Chilli not so hot as harvest gains momentum

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

Chilli not so hot as harvest gains momentum.

Date: 20-02-2019
Subject: Chilli not so hot as harvest gains momentum
Kochi: Red chilli prices fell by 10 per cent in a month as harvest gained momentum in the chief producing regions of Andhra Pradesh and Telangana, which account for over 60 per cent of India’s total output, and production is expected to be 10 per cent higher than previous year. 

“Though acreage was up by 25 per cent, output will increase by only 10 per cent because of irregular weather. Some regions had deficient rainfall, while others saw excess showers,’’ said Ravipati Peraiah, MD of Vijayakrishna Spice Farms. 

The market price of the premium variety of chillies, which used to hover around Rs 100 per kg, has dropped to below Rs 90 per kg. The lowest prices range is from Rs 65 to Rs 70 per kg. “If the arrivals increase by March, then the prices may fall further,’’ Peraiah said. 

The cost of production is around Rs 70 per kg and anything below that would be unprofitable for the growers, he added. The current sluggish demand, though, is expected to rebound when the prices fall further. 

“China is not buying now, but it may start purchasing when the prices decline further,’’ said AP Murugan , director of Paprika Oleos (India), an exporter. 

Chilli is the largest exported spice from India and China has emerged as a major buyer in the last few years. Chilli exports touched a record 443,900 tonnes in 2017-18. 

But earnings fell 16 per cent to Rs 4,256 crore as the prices plunged due to a bumper production in 2017. Total Indian output rose 60 per cent to touch a record 24 lakh tonnes. In 2018, the total production declined to around 23 lakh tonnes. 

Exports have been slow in the current year. “The demand is weak as many of the buying countries already have good stock,’’ said Ashish Maheswari, export manager of Sidhhartha Corporation, another exporter. Though figures are not available, export quantity is likely to be less this year though the earnings could be better because of the improved price, he said. 

Source: economictimes.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Exim Help

What is New?

Date: 02-01-2020
Notification No. 87/2019- Customs (N.T.)
Notification of Vizinjham International Seaport and Muthalapozhi u/s 7(d) of the Customs Act for unloading and loading of boulders for breakwater construction.

Date: 02-12-2019
Trade Notice No. 40/2019-20
Imports of Onions

Date: 02-12-2019
Notification No. 33/2015-2020
Amendment in Policy condition No.2 (iii) to Chapter 95 of ITC (HS), 2017- Schedule -1 (Import Policy)

Date: 29-11-2019
Notification No. 86/2019-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver- Reg.

Date: 29-11-2019
Circular No. 40/2019-Customs
Auto Out of Charge under Express Cargo Clearance System (ECCS) - reg.

Date: 29-11-2019
Circular No. 41/2019-Customs
Clearance of Import of metal scrap - Procedure - reg.

Date: 29-11-2019
Circular No. 42/ 2019 -Customs
Mandatory uploading of specified supporting documents and mention of document code and IRN in Bills of Entry (BoE) - reg.

Date: 28-11-2019
Circular No. 39/2019-Customs
Appointment of Common Adjudicating Authority - regarding.

Date: 28-11-2019
Notification No. 63/2019-Customs (N.T./CAA/DRI)
Appointment of CAA by DGRI - reg.

Date: 28-11-2019
Notification No. 64/2019-Customs (N.T./CAA/DRI)
Appointment of CAA by DGRI - reg.

Exim Guru Copyright © 1999-2019 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.


C/o Infodrive India
E-2, 3rd Floor, Kalkaji Main Road
New Delhi - 110019, India
Phone : 011 - 40703001