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.