December 10, 2022

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Red chilli prices turn hotter as pent-up demand surfaces

1 min read

There is a unexpected spurt in the selling prices of chillies in Telangana and Andhra Pradesh. Experiences say that a quintal of the spice is becoming marketed at ₹17,four hundred, which is almost double than what it was 5-six months in the past.

Since the harvest time is months away, the unexpected spurt in selling prices is attributed to the gradual opening up of offer chain sector soon after a prolonged lockdown shut markets for months.

“There has been a pent-up demand from customers as the markets have been shut for months through the lockdown period of time. Export channels too are opening up soon after becoming shut down for months,” M Ramesh, a farmer from Khammam, advised BusinessLine.

Shift from cotton

The farmers are in the process of sowing the seedlings for the existing kharif time. A great quantity of farmers are sourcing the seedlings from nurseries at ₹2-three a piece. “Some cotton farmers, too, are shifting to chillies encouraged by great selling prices. Unabated rains in the previous couple weeks led to h2o logging resulting in injury to cotton crop in various locations,” P Ramesh, a farmer from the Warangal Rural district, said.

When Telangana farmers grew the spice on two.10 lakh acres, their Andhra Pradesh counterparts grew the crop on three.forty five lakh acres. | Newsphere by AF themes.