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Key Takeaway
- Market Price Driving Factors: The price of Chillies (Guntur Cold Storage/Non-Cold) is influenced by domestic chilli production, seasonal arrivals, crop conditions, and the availability of stocks in cold storage and non-cold storage. Key demand drivers include domestic consumption, spice-processing demand, export demand, quality requirements, and buying activity from traders, processors and exporters. Other important factors include chilli variety and colour, pungency, moisture content, stem percentage, stock levels, farmer selling patterns, cold-storage holding costs, international chilli prices, competing origins, weather conditions, transportation costs and currency movements. Changes in crop supply, export demand and stock-release patterns can result in significant price fluctuations and market volatility.
About This Dataset
Chillies (Guntur Cold Storage/Non-Cold) refers to dried red chillies traded in the Guntur market of Andhra Pradesh, with prices reported separately for cold-storage and non-cold-storage stock. The quoted value represents the monthly average domestic market price in ₹/kg and provides an indicative reference for Guntur chilli prices based on storage condition and prevailing market quality.
Methodology
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