Red chilli prices likely to top ₹200 a kg in Jan-Feb 2024, says Tamil Nadu Agri varsity bl-premium-article-image

Gayathri G Updated - November 10, 2023 at 09:59 PM.

Urges farmers to grow Sannam variety

Farmgate prices of Sannam variety red chilli will likely rule around ₹200-210 a kg at the time of harvesting (Jan-Feb)., higher than last year’s level of ₹175-180, the Tamil Nadu Agricultural University (TNAU) has said.

The TN-IAM Project funded Price Forecasting Scheme of the Centre for Agricultural and Rural Development Studies, Tamil Nadu Agricultural University, Coimbatore, has, therefore, advised farmers to take up sowing of Sannam variety red chilli. However, the price may be subject to change based on the north-east monsoon and arrivals from other producing States.

The price forecasting team analysed past 15 years data from the Tirunelveli regulated market for sannam variety to arrive at the price forecast.

Chilli is a vital and the most extensively cultivated spice in India. According to the First Advance Estimates of the Ministry of Agriculture and Farmers Welfare (2022-23), the area under red chilli is 8.52 lakh hectares with a production estimated at 19.58 lakh tonnes. Major chilli-growing States are Andhra Pradesh, Telangana, Madhya Pradesh, Karnataka, Odisha, West Bengal, Gujarat and Tamil Nadu contributing nearly 93 per cent of the total production of chillies.

Three forms of uses

Chillies are commonly used in three forms — fresh green chillies, red chilli powder and raw red chillies. Indian chilli is highly favoured for their vivid colour and pungency levels and are primarily exported to various Asian countries, including China, Sri Lanka, Malaysia, Bangladesh, Singapore, Thailand and the UAE.

Sowing of chillies will be taken up during October in major chilli growing districts. In Tamil Nadu, it is cultivated as single-crop. Hence, traders tend to accumulate their stock during the harvesting period to fulfil the year-round demand.

During 2022-23, Tamil Nadu produced 0.22 lakh tonnes of dry/red chillies from 0.49 lakh hectares. Mundu and Sannam are the major types of chillies grown in Tamil Nadu.

Published on November 10, 2023 10:38

This is a Premium article available exclusively to our subscribers.

Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

You have reached your free article limit.

Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

You have reached your free article limit.
Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

TheHindu Businessline operates by its editorial values to provide you quality journalism.

This is your last free article.