The Hindu Business Line : AP intervention to check falling chilli prices likely

IN view of the falling chilli prices and the oft-repeated demand of farmers for market intervention, the State Government is likely to take a positive decision and issue a GO for the purpose by the month-end, according to official and trade sources here.

Chilli prices are ruling around Rs 2,000 a quintal. In this backdrop, there have been demands for market intervention. However, the State Government has resisted it as the market intervention scheme last year proved costly.

The State Markfed (marketing federation) has not been able to liquidate the stocks. The Government is likely to announce two different rates this season, according to the sources. The fair average quality chilli may be procured at Rs 2,500 per quintal and the better varieties at Rs 2,700 per quintal. Last year, all the varieties were procured at Rs 2,700 per quintal.

To make matters worse for the farmers and the trade, transactions were disrupted at the market yard here for three days this week from Monday over the issue of tax on exports. However, after receiving an assurance from the Government that it would be resolved, traders resumed transactions from Thursday.

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