India’s Red Chilli Exports Fall Short of Expectations
India's Red Chilli Exports See Significant Decline in 2024
India, the world’s largest producer and exporter of red chilli, has seen a sharp decline in exports this fiscal year. From April to July 2024, red chilli exports fell to 97,282 tonnes, marking a drop of 32,432 tonnes compared to 1,29,714 tonnes during the same period in 2023. Monthly declines have been consistent, with April seeing a drop from 43,656 tonnes to 31,468 tonnes; May from 38,712 tonnes to 21,180 tonnes; June from 21,477 tonnes to 20,675 tonnes; and July from 25,869 tonnes to 23,959 tonnes.
Despite last year’s strong performance, with a total export volume of 4,25,425 tonnes, this year’s figures have been affected by a significant drop in demand from major importers such as China, Bangladesh, and Malaysia and by challenging weather conditions in key producing states like Telangana, Andhra Pradesh, Karnataka, and Madhya Pradesh.
Impact of Weather on Crop Quality
Inconsistent monsoon patterns and other adverse weather conditions have impacted red chilli crop quality, which has likely affected export demand. While sowing levels remain stable, the irregular monsoon has hindered the production of high-quality crops, posing challenges for the Indian red chilli industry.
Finding New Markets
With red chilli exports typically peaking from January to May, India’s chilli industry will need to navigate these climatic challenges while identifying new markets to sustain export levels in the coming months.
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India, the world’s largest producer and exporter of red chilli, has seen a sharp decline in exports this fiscal year. From April to July 2024, red chilli exports fell to 97,282 tonnes, marking a drop of 32,432 tonnes compared to 1,29,714 tonnes during the same period in 2023. Monthly declines have been consistent, with April seeing a drop from 43,656 tonnes to 31,468 tonnes; May from 38,712 tonnes to 21,180 tonnes; June from 21,477 tonnes to 20,675 tonnes; and July from 25,869 tonnes to 23,959 tonnes.
Despite last year’s strong performance, with a total export volume of 4,25,425 tonnes, this year’s figures have been affected by a significant drop in demand from major importers such as China, Bangladesh, and Malaysia and by challenging weather conditions in key producing states like Telangana, Andhra Pradesh, Karnataka, and Madhya Pradesh.
Impact of Weather on Crop Quality
Inconsistent monsoon patterns and other adverse weather conditions have impacted red chilli crop quality, which has likely affected export demand. While sowing levels remain stable, the irregular monsoon has hindered the production of high-quality crops, posing challenges for the Indian red chilli industry.
Finding New Markets
With red chilli exports typically peaking from January to May, India’s chilli industry will need to navigate these climatic challenges while identifying new markets to sustain export levels in the coming months.
Click here to reach our trading platfrom CMBroker