Red chilli prices soften due to heavy supply and normal demand

04-Apr-2025 08:42 PM

🌶️ Red Chilli Prices Drop Amid Heavy Supply & Weak Demand 📉

✅ Key Factors Behind Price Softening

• 🚜 Surge in arrivals in major markets of Andhra Pradesh & Telangana

• 🏬 Guntur Market Supply: 1.20-1.30 lakh bags (peak level)

• 📦 Warangal Market Supply: 30-35 thousand bags

• 📉 Weak demand from exporters, spice processors & oleoresin makers

• 📊 Major domestic consumption season is ending

✅ Export Trends & Market Impact 🌍

• 🚢 April-Dec 2024 exports: 4,35,891 tonnes (+14% YoY)

• 💰 Export revenue fell 10% to ₹7,111.29 crore (from ₹7,912.37 crore in 2023)

• 📉 Price Pressure May Continue as buyers wait for market stabilization