High Indian chili prices push Chinese chili prices higher

Published Mar 11, 2022

Tridge summary

The price of Indian peppers at Qingdao Port in China has increased, with S17 pepper now costing 12.80-13.00 yuan/catties and S4 pepper 9.70-10.20 yuan/catties. This increase is due to expanded planting areas in India leading to a supply shortage, heavy rain affecting new crop production, and high domestic demand. As a result, domestic pepper prices are also rising, and there is a demand gap due to reduced Chinese production. This is further exacerbated by cold weather impacting pepper growth in Hainan, leading to low yields and a sharp increase in retail prices.

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

Original content

In March, the price of Indian peppers in Qingdao Port, China continued to rise. As of now, the price of Indian S17 (Indian pepper) in Shandong Qingdao Port is 12.80-13.00 yuan/catties, and the price is about 11.00 yuan/catties; with Sanying The price of S4, which is relatively close to pepper, has also risen significantly. Currently, the price of s4 in the port is 9.70-10.20 yuan/catties, and the price of the belt is 8.80-9.40 yuan/catties. In India, on March 3, 2022, S17 pepper (with The prices in Delhi, Guntur and Warangal markets were 21,300, 17,000, and 18,100 rupees per quintal respectively, up 33%, 22%, and 41% over the same period last year. Although the planting area of peppers in India has expanded in recent years, The supply of chili peppers is still under pressure this year. In 2021, due to the expansion of the planting area of peppers in India and the poor performance of domestic prices, the Chinese market has generally ignored the production reduction caused by the ...

Source: Guojiguoshu