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Cardamom News - Red Chilli Indian Scenario
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Red Chilli Indian Scenario

Currently, Guntur chilli APMC market closed from 1st May to till 6th June due to Covid-19 merged with summer vacation, other spot markets like Warangal and Khammam reopend from today.  Chilli trade is slowly happening from private warehouses at Guntur growing regions as farmers are bringing their produce in small quantities. From 1st May to 24th May around 6.5 to 7 lakh bags were traded, sources revealed.
As per trade sources, as of now around 65 – 68 lakh bags (1 bag = 40 kgs) new chilli stored at Guntur cold storage of total capacity 70 lakh bags. AP total around 85 – 90 lakh bags stored as of now.
Chilli traders are hopeful for prices going up after Guntur market reopen on 7th June as export quantities are pending for delivery to countries like China, Bangladesh, Sri Lanka etc. due to shortage of labour. Though current year India's Red Chilli production went up by 12% as per Agriwatch estimates from previous year, but due to unseasonal rainfall during maturity stage quality reported damaged and supported the prices.