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Agri Market News: Dry Chilli will Get Rs.12,500- 13,000 per Quintal During April-June 2016.

India is the largest producer, consumer and exporter of spices globally. Chilli was cultivated in 7.75 lakh hectares with a production of 14.9 lakh tonnes in India during 2014-15 which was 9 per cent higher than the previous year. India has also exported 3.47 lakh tonnes of chillies in 2014-15.

Increased exports during last season caused the price to increase in the current year. Mundu and sannam are major types of chillies grown in Tamil Nadu. Mundu is grown in Ramanathapuram, Thoothukudi and Tirunelveli Disricts whereas samba is grown in Sivagangai, Virudhunagar and Tirunelveli Districts.

Trade sources reported that this year excess rainfall during the crop growing season caused the chilli production to decline than the previous year in Tamil Nadu.

Back office of Agro Marketing Intelligence and Business Promotion Centre (AMI &BPC), Centre for Agricultural and Rural Development Studies (CARDS) in Tamil Nadu Agricultural University have analysed the past 15 years of red chilli prices that prevailed at Thoothukudi regulated market for sannam variety.

The analysis showed that sannam chilli farm gate price will rule around Rs.12, 500- 13,000 per quintal during April-June, 2016. There are chances for the prices to increase due to the shortage in current production.