Login ID:
Password:
Partner Login
Contact Us : 7066511911

Chili exports struggles as high prices dents demand; Speculators pile up inventories

17 Dec 2022 2:57 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai, 17 DEC (Commoditiescontrol): India's Chili exports suffered a set-back from dwindling demand for the spice, which witnessed sharp rise in prices amid fall in domestic output.

As per the data analyzed by CCCommoditiescontrol, whole Chili exports during the on-going fiscal year (Apr-Mar period) slumped near 35%.

Demand has petered out after witnessing robust growth in early part. China continued to dominate Chili imports from India followed by the neighboring countries such as Bangla Desh and Malaysia.

Trade observers have blamed high prices as main reason behind fall in exports. Also, the speculators have cornered large amount of Chili, which has led to tight availability.

In 2021-22, India exported red Chilies worth Rs 8,582 crore. China accounts for the largest share in the export market, with over 40%.


(By Commoditiescontrol Bureau: +91-9820130872)


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Special Reports
Dhaniya (Coriander) exports for last five years
Statewise Area/Production of Dhaniya (Coriander)
Jeera (cumin seed) exports for last five years
Statewise Area/Production of Jeera (Cumind Seed)
Monthly Seasonality Red Chilli Teja (Guntur)
more
Top 5 News
Weekly: Sugar price extend weekly gains, surge to six-y...
Weekly: ICE Cotton posts best week in 4 months; need so...
US Quarterly Grain Stocks Drop Below Previous Year's Le...
USDA's Prospective Plantings Report Projects Increase i...
USDA Report: 2023 Cotton Planted Area to Decrease by 18...
Top 5 Market Commentary
Tur-Urad & Masoor price trades weak at Delhi
Imported Tur-Urad price declines at Mumbai on govt inte...
Branded processed pulses at Mumbai APMC market- 1st Apr...
Rajasthan, M.P. Chana trades firm at Delhi
Oil Spot Prices : 1-Apr-2023
Copyright © CC Commodity Info Services LLP. All rights reserved.