Chilli prices poised to fall as stocks swell
Chilli prices are likely to rule easy for the coming crop owing to huge stocks still held in cold storage points.
By TNN |
COIMBATORE: The prices of chillies are likely to rule easy for the coming crop in January owing to huge stocks still held in cold storage points in Tamil Nadu and Andhra Pradesh, according to a study conducted by the Tamil Nadu Agricultural University’s Domestic and Export Market Intelligence Cell.
The cell has cautioned the prospective chilli growers who may like to sow the crop in the ensuing October sowing season to consider this factor before taking their planting decision as the anticipated price band for the next season crop would be lower only at Rs 25-30 per kg.
Coupled with the export demand, the adequate rainfall during the crop season in 2006-07 pushed the chilli area and crop yield last year. This has resulted in stocking of huge quantity of chillies in cold storages at Guntur in Andhra Pradesh where about 45-50 lakh bags (of 20 kg each) are lying.
Cold storages in Tamil Nadu too, are filled with about 15 lakh bags of chillies. About 10-14 lakh bags are still being held by the farmers in both these states, the report said.
The cell has cautioned the prospective chilli growers who may like to sow the crop in the ensuing October sowing season to consider this factor before taking their planting decision as the anticipated price band for the next season crop would be lower only at Rs 25-30 per kg.
Coupled with the export demand, the adequate rainfall during the crop season in 2006-07 pushed the chilli area and crop yield last year. This has resulted in stocking of huge quantity of chillies in cold storages at Guntur in Andhra Pradesh where about 45-50 lakh bags (of 20 kg each) are lying.
Cold storages in Tamil Nadu too, are filled with about 15 lakh bags of chillies. About 10-14 lakh bags are still being held by the farmers in both these states, the report said.
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