The current sluggish demand, though, is expected to rebound when the prices fall further.

But plantation crops like rubber, coffee and pepper may face a bleak prospect

Chilli is currently selling at Rs 90-100 per kg.

After as much as 50% fall following a bumper crop, average prices moved up gradually from Rs 35 per kg during the year as the stock thinned.

Chilli is the largest exported spice from India, earning over Rs. 5,000 crore last year.

The excess production has been estimated to be around 3 lakh tonnes, which may need more cold storages.

The shortfall in harvested crop and rising demand from overseas, particularly China, have raised the price of chilli to a new peak.

Drought in southern states has affected the cultivation of major commodities like rice, cotton and spices. Production of these commodities ...

Traders said that the prices might increase further to a new high in the coming weeks as the export demand picks up, especially from China.

Chilli prices may go up after about two months due to a slump in production of India’s largest exported spice and an increase in demand fro...

The domestic demand has driven up prices of other varieties of chill Rs 135 per kg, to which a year ago, were hovering at Rs 80 to Rs 90 pe...

Last year, excess rain in several places led to a slight shortfall in the chilli crop, particularly in Madhya Pradesh.

Prices of pepper, cardamom and chilli hovered at high levels in the past year while rubber hit a four-year low. Coffee and tea had a good y...

The chilli March contract on NCDEX is ruling at around Rs 66 per kg, up over 6% in the month.

The forecast of a good chilli crop in China will hit the shipments from India, as the country has been the largest buyer of the spice in th...

An extensive dry spell has affected the sowing of chilli, turmeric, cardamom & pepper, as rains have been weak this season in southern stat...

Prices of major spices are being driven to the ground by higher production, poor export earnings and a lack of working capital.