High output and low prices may activate higher exports this season.
Andhra Government has announced a price support scheme of Rs 15 per kg to farmers w.e.f. from Thursday till June end as prices crash with cold storages overflowing. The farmers will get it for a maximum of 20 quintals (2000 kg’s).
Chilli prices witnessed a crash by 60% from a year earlier and are around Rs 35-55 kg.
Venkat Rosaiah, President, Guntur Chili Commission said – “The price support scheme may not be of much use to growers as over 70% of them have already sold their produce”
Welcoming the step, major bulk buyers like curry masala company Eastern Condiments who purchase around 20,000 tonnes yearly.
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