Red chilli prices turn hotter as pent-up demand surfaces

There is a sudden spurt in the charges of chillies in Telangana and Andhra Pradesh. Stories say that a quintal of the spice is becoming sold at ₹17,400, which is nearly double than what it was five-6 months ago.

Since the harvest period is months away, the sudden spurt in charges is attributed to the gradual opening up of offer chain sector immediately after a prolonged lockdown shut markets for months.

“There has been a pent-up desire as the markets were shut for months through the lockdown period. Export channels far too are opening up immediately after becoming shut down for months,” M Ramesh, a farmer from Khammam, informed BusinessLine.

Change from cotton

The farmers are in the method of sowing the seedlings for the current kharif period. A very good range of farmers are sourcing the seedlings from nurseries at ₹2-3 a piece. “Some cotton farmers, far too, are

Read More