login_img.jpg
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 :  
   

Post Comment  

Latest Special Reports
Guntur Red Chilli (Teja) — Trending Higher / Next Res...
Statewise Area/Production of Pepper
Statewise Area/Production of Chilli
Statewise Area/Production of Dhaniya (Coriander)
Statewise Area/Production of Jeera (Cumind Seed)
more
Top 5 News
Mumbai Black Matpe (Urad) Trending Higher / Next Resis...
RBD Palm Olein (Kandla) Positive Short-term Trend / Ne...
Soybean Meal (Indore) Trending Higher / Next Resistanc...
Burma Pigeon Pea (Tur) CNF$ Lemon Positive Trend / Nex...
Weekly: ICE raw sugar records loss for second week in a...
Top 5 Market Commentary
Gujrat Summer Sowing Up 4.19 15 Apr 2024
Citi Sees Gold Surging to $3,000 per Ounce in Coming Mo...
China''s Aluminum Production Surges on Increased Demand...
Stability Persists in Lower Rajasthan Cotton Market Ami...
Non-Ferrous Metals Slide on Dollar Surge, Fading Rate C...
Copyright © CC Commodity Info Services LLP. All rights reserved.