Chinese importers buy limited volumes of fresh peppers from India

Published 2022년 3월 16일

Tridge summary

Heavy rainfall in India's chili pepper production areas and speculation in the market have led to a significant increase in the price of Indian chili peppers, which has also affected the Chinese market. Despite a supply shortage, Chinese importers are hesitant to purchase due to the high price and are instead waiting to see how the market develops. Domestic production of chili peppers in China is sufficient, and the price is low, leading some importers to switch to Chinese peppers. Factors such as the pandemic and conflict between Russia and Ukraine are also contributing to reduced consumption and a slower market absorption of supply.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The price of chili peppers rapidly increased in India in early February. The Chinese market price of Indian chili peppers immediately followed. After Spring Festival [1 February, 2022] the Chinese market price of Indian chili peppers was around 1-1.50 yuan [0.16-0.24 USD] per 0.5 kg. Although the price is higher than in previous years, the sales conditions do not look great. Why is that? Import volume is limited, and yet there is no supply shortageChili pepper production areas in India suffered from heavy rainfall early in the production season. This was immediately followed by speculation in the chili pepper market. The price of fresh chili peppers repeatedly increased, for example in the period following Chinese Spring Festival. Even though the price rise weakened in the last few days, the price level is still very high. Still, the limited supply volume did not stimulate demand. Chinese importers are hesitant to purchase and prefer to wait instead to see how the market will ...

Source: Hortidaily