Wait...

Online India Export Import Data Search

Complete Training Video : Click Here

Glut leads to red chilli prices crashing 60%, exports to surge.


Date: 21-04-2017
Subject: Glut leads to red chilli prices crashing 60%, exports to surge
Kochi: Record red chilli production has led to its prices falling to the lowest in over a decade, prompting the Andhra Pradesh government to announce a price support scheme. High output and low prices may trigger higher exports this season. 

As prices crash and with cold storages overflowing, the Andhra government has announced a price support scheme of Rs 15 kg for farmers, with effect from Thursday till June-end. They will get it for a maximum of 20 quintals (2,000 kg). 

Chilli prices have crashed by 60% from a year earlier and are around Rs 35-55kg. “The price support scheme may not be of much use to growers as over 70% of them have already sold their produce,“ said Venkat Rosaiah, president of Guntur Chilli Commission. 

However, major bulk buyers like curry masala company Eastern Condiments, who purchase around 20,000 tonnes annually, have welcomed the step. 

“It will help in sustaining the chilli crop as farmers could ve chilli crop as farmers could very well turn to other crops like cotton and turmeric next year,“ said Krishna Kumar Menon, head of procurement at Eastern Condiments. High prices last year encouraged growers in Andhra, Telangana and Karnataka, the three main chilli growing regions, to go for increased sowing that resulted in a bumper crop. “The all-India crop could be between 18 and 20 lakh tonnes, over 40% increase from the previous  .. 

Source: economictimes.indiatimes.com

DO YOU NEED HELP?

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 21-04-2017
Customs Notification No. 17/2017
Seeks to exempt goods, falling under the First Schedule to the Customs Tariff Act, 1975, when imported into India by or along with a unit of the Army, the Navy, the Air Force or the Central Paramilitary Forces on the occasion of its return to India after a tour of service abroad, from basic customs duty (BCD), CVD and SAD subject to the specified conditions.

Date: 21-04-2017
Trade Notice No. 04/2018
Consideration of applications for grant of Licences/ Authorisations for import of “Gold Dore”

Date: 20-04-2017
Notification No.40/2017 - Customs (N.T.)
Rate of exchange of conversion of the foreign currency with effect from 21st April, 2017

Date: 20-04-2017
Customs Notification No. 16/2017
Seeks to exempt goods falling under chapter 30 of first schedule of Customs tariff Act 1975, for supply under Patient Assistance Programme run by specified pharmaceutical companies

Date: 19-04-2017
Customs Instruction No. 05/2017
Meeting with representatives of Foreign Missions -reg.

Date: 19-04-2017
DGFT Notification No. 03/2015-2020
Exemption from the application of quantitative ceiling and export bans on export of organic agricultural products (wheat, non-Basmati rice) and organic processed products (edibleoils and sugar) and enhancement of quantitative ceiling on export of pulses & lentils

Date: 19-04-2017
Customs Circular No. 15/2017
DRescinding Board Circular F. No. 528/213/87 - Customs (TU)

Date: 19-04-2017
DGFT Public Notice No. 02/2015-2020
Amendment in Standard Input Output Norms A-39 under Chemical & Allied Product Group –reg

Date: 18-04-2017
Customs Notification No. 14/2017
Amendment to Notification No.41/1999-Cus to align the said notification with para 4.36 of FTP 2015-20 by omitting the word 'for export' in the proviso to the notification

Date: 13-04-2017
DGFT Notification No. 02/2015-2020
TRQ for Raw Sugar: Amendment in import policy of raw sugar classified under Exim Code 170114 of Chapter 17 of ITC (HS), 2017–Schedule–1 (Import Policy