Chilli prices are likely to be around 6000 per quintal

Chilli prices are likely to be around 6000 per quintal
Highlights

Spurred by the sharp rise in prices, the chillies growers of Andhra Pradesh, the major chilli state planted in higher area during 2016-17. The trade sources indicated that the area is up by 80 per cent. In Andhra Pradesh, chilli sown area was 32275 hectares during 2016-17 as against normal area of 24711 hectares. 

Spurred by the sharp rise in prices, the chillies growers of Andhra Pradesh, the major chilli state planted in higher area during 2016-17. The trade sources indicated that the area is up by 80 per cent. In Andhra Pradesh, chilli sown area was 32275 hectares during 2016-17 as against normal area of 24711 hectares.

In Telangana, chilli sown area was 13877 hectares, as against normal area of 19767 hectares. In Karnataka compared to last grown area of 3743 hectares, the current year area was 1806 hectares. Arrivals from Madhya Pradesh that reached the market in November were below expectations.

The viral attack that damaged the crop last year continued to play havoc this year too. But there was 200 per cent increase in sowing area but crop output was near normal. Madhya Pradesh produces around 1 lakh tonnes. According to trade sources, since the commencement of harvest season of 2016- 17, nearly 28-30 lakh bags (each bag 35-40 Kg) have been brought to cold storage units in Guntur.

The local cold storage capacity since is 65 lakh bags, another 30 lakh bags are likely to be brought in for cold storage in the coming months. Though the production has increased this year coupled with the increased quantities in cold storage units, good rains are likely to help maintain the area sown in 2016-17 in the coming Kharif 2017-18 also.

Under the circumstances, the Agricultural Market Intelligence Centre of S. V. Agricultural College, Tirupati has forecasted the prices of chilli harvest period using the modal prices of Guntur market. The results of the analysis indicated that the prices would be ranging between Rs.5,800 to 6,200 per quintal inJanuary 2018.

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