The Hindu Business Line : TN chilli growers cautioned on huge stocks

Coimbatore, Sept. 20 The Tamil Nadu Agricultural University’s domestic and export market intelligence cell (DEMIC) has projected the prices of ‘Sannam’ chillies to rule easy for the coming crop in January owing to huge stocks still held in cold storage points in Tamil Nadu and Andhra Pradesh.

The cell has cautioned the prospective chilli growers who may like to sow the crop in the ensuing October sowing season to consider this factor before taking their planting decision as the anticipated price band for the next season crop would be lower only at Rs 25-30 per kg.

Coupled with the export demand, the adequate rainfall during the crop season in 2006-07 pushed up the chilli area and crop yield last year.

This has resulted in stocking of huge quantity of chillies in cold storages at Guntur in Andhra Pradesh where about 45-50 lakh bags (of 20 kg each) are lying. Cold storages in Tamil Nadu too, are filled with about 15 lakh bags of chillies.

About 10-14 lakh bags are still being held by the farmers in both the States, it said adding that while the prices quoted for the cold stored ‘Sannam’ varieties during last month were in Rs 50-55 per kg, the rate for the non-cold stored chillies was quoted at Rs 35.

The DEMIC team, which held market and trade surveys in Tamil Nadu’s principal chilli markets in Ramanad, Paramakudi, Vridunagar, Thoothukudi and Chennai (the latter is fed by supplies from neighbouring Andhra Pradesh), has held that the high prices witnessed last year was due to huge imports of chilli from India by China.

More Stories on : Spices & Condiments | Outlook | Tamil Nadu

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Ministry to hold talks with US team on nigerseed exports

‘Criticism against rubber futures not out of ignorance’

Open interest and trade volumes — Important indicators in determining trends

Rubber Board doubles medical aid for tappers

Spot rubber declines on buyer resistance

Mozambique officials visit Coir Board

Cardamom e-auction resumes

Pepper gains on contract switch over

TN chilli growers cautioned on huge stocks

Commodity market rallies on global trend

Decision on milk powder export ban likely on Sept 24