India: Kolhapur red chili prices are up by 25% due to supply shortages

Published Mar 20, 2023

Tridge summary

Unseasonal rain, pest infestations, and a 30% drop in production have led to a significant supply shortage of 'byadagi' red chilies in Kolhapur, a city famous for its chili production. As a result, prices have surged to Rs 500 to 700 per kg. Farmers are strategically storing chilies in cold storage and selling them at higher prices when the market demand is high. Kolhapur, located in Southwest Maharashtra, is a hub for red chili trade, attracting customers and traders from neighboring cities and states.

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

Original content

Kolhapur is famous for the production of red chilis. At present, the 'byadagi' red chilies are being sold at Rs 500 to 700 per kg in the market. The supply of red chilis has been hit due to unseasonal rain, pest infestation, and a 30% drop in farm production. Also, at times, the farmers opt for cold storage and then bring the produce to the market when the prices are high. Akshay Satija, an Agricultural Produce Market Committee (APMC) trader: "Although the demand for chilis is high, the supply has been badly hit. We have been trading red chilies for the past 35 years but have never seen such a supply shortage." One red chili retail seller at Laxmipuri market in Koihapur said: "At Koihapur APMC, on an average,1,000 to 1,500 sacks of red chilies arrive every week. Kolhapur ...

Source: Hortidaily