The surge in the demand for Teja and the Super 10 variety of chilli is expected in the upcoming weeks. Teja, famed for its intense heat, finds favour in China and Bangladesh. Conversely, Sri Lanka and Malaysia incline towards the moderate spiciness of the Super 10 variety. These inclinations set the stage for a fascinating trade dynamic.
Teja red chilli, driven by high demand from China, witnessed its price soar. However, it experienced a cooling-off period, dipping below its peak. Now, whispers in the market hint at a revival, with prices expected to revisit the high prices of May.
Notably, India’s red chilli reserves stand steady, mirroring last year’s stockpile. With approximately 6.0 million bags in Guntur and Andhra Pradesh, Telangana boasts an additional 2.7 million sacks, while Karnataka contributes 3.0 million sacks to the vibrant mix. This abundant reserve serves as a buffer to fill domestic and export demands.
Enterprising traders and stockists, who accumulated chilli stocks at surge prices from March to May are stock-pilling the chillies. They bide their time, waiting for the domestic and global markets to present more attractive prices. Fortunately, their patience will soon bear fruit. Traditionally, the red chilli market experiences a surge in demand and prices during November-December. However, this year, the market anticipates an early surge in prices.
Expanding Horizons
The rise of Teja and Super 10 red chillies in the global market is indicative of the ever-evolving culinary preferences of consumers worldwide. While Teja caters to daring palates seeking intense heat, Super 10 provides a more balanced spice profile, appealing to those who prefer a milder kick.
China and Bangladesh, in particular, have embraced the searing heat of Teja with open arms, incorporating it into their cuisine in innovative ways. The popularity of this variety has led to increased demand, creating lucrative opportunities for Indian farmers and traders.
Sri Lanka and Malaysia have found the perfect match in Super 10. Its moderate spiciness complements their traditional dishes and aligns with the preferences of their populations. This diversification in demand has strengthened the position of Indian chilli growers in the international market.
The revival of red chilli prices promises to be a boon for farmers and traders who patiently held on to their stocks. With global demand on the rise and an expected surge in prices, they are poised to reap the benefits of their strategic investments. This economic resurgence is not only beneficial to individual stakeholders but also contributes to the overall growth of the spice industry in India.
Conclusion
In conclusion, the global spice market is heating up as Teja and Super 10 red chillies gain prominence on the international stage. With their distinct flavour profiles catering to diverse tastes, these varieties are poised to captivate spice enthusiasts across borders. As the market anticipates a revival and an early price surge, all signs point to a spicy future for the red chilli industry.
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