Major Pest Infestations sends Indian Chili Pepper Prices Soaring

Indian chili pepper price increased by +105.62% YoY to USD 0.73/kg in W1 May-22. Pest attack on chili pepper crop in India projected to reduce the output by -20% YoY. Knowing the pest attack drops the supply, farmers are hesitant to sell chili pepper. For that reason push the Indian chili pepper price on the rise in the first week of May 2022.