Chili industry spices up business in China’s Guizhou Province

Published 2023년 6월 19일

Tridge summary

Guizhou Province's Xiazi Town, also known as 'Chinese Pepper City,' has become a significant economic hub in China, dealing with 750,000 tons of chili peppers annually. Initially a humble, disorganized trading post, it has grown into a professional market with infrastructure like big data, financial, logistics, and inspection centers. Covering 31 hectares, it transacted 300,000 tons and generated USD 1 billion in 2022. The 'pepper city's' pepper index is crucial for setting prices in the market, with other regions and markets following the prices of Guizhou chili peppers.

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

Original content

Chili peppers are spicing up the economy in China's Guizhou Province. Within the city of Zunyi, there is a renowned township Xiazi, known as the "Chinese Pepper City," a trading center where pepper traders gather daily. The 'pepper city' in Xiazi has evolved over time. From its early days of spontaneous and scattered trading, it has become the Zunyi professional chili pepper market. It now serves as the central trading hub, with big data centers, financial service centers, logistics distribution centers, and inspection and quarantine centers. After years of development, the market now covers an expansive area of about 31 hectares, capable of facilitating the annual trade of 750,000 tons of chili peppers. Put into operation in 2017, the "pepper city" embraced a transaction volume of nearly 300,000 tons last year, with a total transaction value of approximately 1 billion US dollars. The ...

Source: Hortidaily