Market Report – April 2021

Crop & Market Scenario

  • Partial lockdowns in India due to surge of Covid 19, have caused a reduction in demand.
  • Domestic demand is continuing as normal.
  • Stocks in major markets are active and do cover all principle varieties, anticipating good prices during the off season.
  • Quality of materials have declined across the markets.
  • 70% of Chillies have been harvested. The remaining quantities should be harvested in all growing regions by Mid May 2021.
  • Traditional crop at Karnataka is over by 90% and Tamil Nadu crop yields are expected to come down to 50% of normal production.

Major Factors Effecting Price

  • Demand from both domestic and export markets.
  • Quality Available
  • Stockists Activity

Near Term View

  • Prices are expected to firm up in the near term.

Crop & Market Scenario

  • New crops have started to arrive, especially in Maharashtra and Tamil Nadu.
  • Covid-19 partial lockdowns has affected crop arrival in speed and demand.
  • Prices have corrected and are down 5% vs last month, due to fresh crop arrivals & subdued demands due to higher prices.
  • Processors and exporters who were waiting to cover their annual demand have started purchasing.
  • A significant price correction is unlikely, due to production shortages and limited stock availability.


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