Red chilli prices turn hotter as pent-up demand surfaces

There is a sudden spurt in the costs of chillies in Telangana and Andhra Pradesh. Reviews say that a quintal of the spice is staying bought at ₹17,four hundred, which is just about double than what it was five-6 months ago.

Because the harvest period is months away, the sudden spurt in costs is attributed to the gradual opening up of provide chain sector following a extended lockdown shut markets for months.

“There has been a pent-up demand as the markets were being closed for months throughout the lockdown interval. Export channels as well are opening up following staying shut down for months,” M Ramesh, a farmer from Khammam, advised BusinessLine.

Shift from cotton

The farmers are in the process of sowing the seedlings for the recent kharif period. A fantastic quantity of farmers are sourcing the seedlings from nurseries at ₹2-three a piece. “Some cotton farmers, as well, are

Read More

Cotton exports seen rising on global demand, lower price

Indian cotton exports is probable to increase drastically in the 2020-21 period (October-September). From about fifty lakh bales (each and every of 170 kg) in 2019-20, exports could increase by 30 for every cent to about sixty-sixty five lakh bales, say trade resources.

The optimism stems from potential clients for a increased demand from customers.



The Global Cotton Advisory Committee has estimated world cotton intake to increase for 2020-21 to about 24.31 million tonnes, from 22.67 million tonnes estimated for 2019-20. Additional, the US ban on buy of goods manufactured out of cotton from the Xinjiang location of China will unlock alternatives for . So, at less expensive fees, the potential clients for India cotton are vibrant for following 12 months. Indian cotton prices estimate at ₹38,900 for every sweet (each and every of 356 kg) now, which functions out at sixty six cents for every lb — among the

Read More