Peppers boost trade in the Chinese province of Guizhou

Published Jun 15, 2023

Tridge summary

The city of Zunyi in Guizhou province, China, has developed a trading center for peppers, known as Xiazi, which has become a central hub for the trade of chili peppers. The market, established in 2017, covers 31 hectares and facilitates the annual trade of 750,000 tons of peppers. In the past year, it saw a transaction volume of nearly 300,000 tons, with a total transaction value of around 1 billion US dollars. The Pepper Index in Guizhou Province is used to determine market trends and prices for peppers.

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

Original content

Peppers provide a boost to the economy of the Chinese province of Guizhou. In the city of Zunyi, a district called Xiazi, known as the "Chinese Pepper Town", is a trading center where pepper traders meet daily. Xiazi has developed over time. From spontaneous and scattered trade in the beginning, it has now grown into the professional market of Zunyi chili peppers. The market now acts as a central trading hub, with large data centers, financial service centers, logistics distribution centers and inspection and quarantine stations. After years of development, the market now covers a vast area of about 31 hectares, which can facilitate the annual trade of 750,000 tons of chili peppers. The "pepper city", which was fully facilitated in 2017, was able to count on a transaction volume of almost 300,000 tons last year, with a total transaction value of approximately 1 billion US dollars. The ...

Source: AGF