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G. Gurumurthy

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Coimbatore Jan 22 The Tamil Nadu Agricultural University's (TNAU) domestic and export market intelligence cell (Demic) has come out with its price forecast for the new gingelly and chilli crops that will hit the market during January-March.

The forecasts were made based on the price trends that prevailed at the Sivagiri (for gingelly) and Virudhunagar (chilli) markets respectively.

The Demic price forecast for sesame (gingelly) is Rs 17-20 a kg during February-April and this may move up to Rs 24-28 later on.

During the same period last year, sesame seed ruled at Rs 25-26.

The price forecast for the gingelly is based on the price trend that prevailed last year and the fact that the arrivals from irrigated crop this time are expected to be good.

Demic has suggested that sesame farmers could gain Rs 4-6 a kg by holding the crop till July/August and by incurring holding costs such as storage and oil content loss.

The farmers deciding to hold the crop till June/July 2007 can factor this.

As for the forecast for chilli, Demic has suggested that prices may be in the band of Rs 40-45 a kg and the farmers who opt to store the produce (in cold storage) for the next six months - by which time export activities are expected to pick up - may see a price increase in the Rs 50-52 range.

During the 2005-06 season, the chilli crop area went down leading to rise in the chilli price to an all-time high of Rs 71 in September 2006.

The high price had attracted more farmers to sow chilli this year, sending the crop area up and prices down. Demic has also said that market reports confirmed the existence of more than 14 lakh bags of chilli in stocks.

More Stories on : Outlook | Spices & Condiments | Oilseeds & Edible Oil

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