Dried Whole Chili Pepper in Turkey Skyrocket Following Soaring Prices on Chili Production

The wholesale price of the dried chili pepper in Turkey had registered a near 200% YoY increase when it stood at USD 0.96/kg. The dried chili price has been directly affected by the rising inputs in Turkish chili production. Soaring inflation rates, which underpin production costs, are substantially increasing the cost of chili pepper production. Addtionally, there is an increasing global demand for dried chili driven by India's pepper shortage, which has caused prices to increase further.