Indian Capsicum Prices Surged 86.54% YoY in Early Mar-24 Amid Supply Chain Disruptions

Market & Price Trends
Published Mar 15, 2024
The price of Indian capsicum has seen a significant 86.54% YoY increase in early Mar-24, reaching USD 0.47/kg, although there was a 9% MoM decline from Feb-24. This surge may be due to disruptions in vegetable supply chains caused by a truck driver strike in Delhi, leading to increased vegetable prices and decreased supply in wholesale markets like Azadpur Mandi. The protest halted vegetable supplies for several hours from states like Chhattisgarh, Karnataka, Madhya Pradesh, Punjab, and Rajasthan, resulting in higher agricultural produce costs and concerns among vendors about delayed supplies.
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