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Jeera (Cumin seed) News - Indian Red Chilli Scenario
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Indian Red Chilli Scenario

Continued steady to weak sentiment witnessed in Red Chilli spot market during last week. 
Buyers reported inactive at current higher prices due to overflow of chilli cold storage stocks in AP, Telangana, Karnataka and expectations of increase in sowing area. Last week at Guntur market supply up by 28% compared to previous week and from last year it was up by 20%. 
As per AP agricultural data as on 25th August, current year chilli sowing completed around 49,295 hectares, compared to last year 35,041 hectares. Normal in season 137,946 hectares. Chillies transplantation is under progress. 
Chilli sowing area likely to go up by 20 – 25% as farmers are receiving higher prices compared to last year. Cotton area likely to shift to Chilli in AP and Telangana. 
Overall, the average rainfall received in Andhra Pradesh from 01.06.2021 to 25.08.2021 is recorded as 378.5 mm as against the Normal as on date of 374.0 mm showing by Normal 1.2 percent. 
Lower rainfall reported in Chilli growing regions in MP. As of now no virus affect reported. Overall standing crop is reported good, expected higher production compared to last year. 
Red Chilli prices may correct from higher levels during September as replanting will continue at full phase.