Higher yields and huge stocks are likely to bring down Byadgi Chilli prices this year as the new crop reaches the Karnataka market. The entry of Byadgi Chilli has started, among others, in the main markets of Byadagi, Hubbal and Gadag in the key cultivation area of North Karnataka, and prices show the abnormal development of varieties and hybrids. high in colour and low in size, byadagi chilli is popular for culinary purposes as well as oil-resin extraction both at home and abroad.
Arrivals down
“Byadag, Hubbali and the Market of Gadag Coming in December 3.5 Lakh (Each 30 kg), compared to 4.27 Lakhi bags in the same period in 2022-23. Currently, the price of the original byadagi variety is about ₹ 55,000 cents, compared to ₹ 38,000 years ago, while hybrids like Syngenta 5531 are currently about ₹ 16,000 ₹ 23,000 years, Basavaraji Trampers said. In Hubballi. Indigenous Byadgi chilli varieties (Dabbi and Kaddi) occupy less in the current market launch than hybrids, which is probably why prices are higher than last year, said Hampali. However, the prices of Byadagi hybrids, mainly used by masala companies to make chilli powder, are coming down.
Bigger stocks
Tejraj Patil of RG Patil and Co, a major trader and exporter of Byadagi chillies, said the transferable stock in cold storage in Karnataka is around 30 lakh bags. Chilli has an estimated cold storage capacity of about 70 lakh bags. “The request is suppressed. Currently, the market participants are mostly from the non-traditional growing regions of Karnataka. We expect incomes from traditional farming areas to increase in the coming weeks”. Price pressure is likely to continue in the future.”The market income is expected to increase after the Sankranti festival from mid-January when we expect an increase in demand”. This year, despite the drought in Karnataka, farmers have expanded the area under chilli cultivation, which has increased by about a third. Although planting has been delayed due to a late monsoon, intermittent rains in recent months have helped the crop, which is looking better thanks to better yields. “In the traditional Byadgi chilli growing areas of Kundgol and Anniger, the crop is looking good this year after a gap of almost 2-3 years” Hampali said.