January to March

January: The market saw a decline in prices as the new crop arrivals from Andhra Pradesh led to an increase in supply. 

February: Prices started to rise as speculative buying and the anticipation of crop quality and yield led to higher demand. 

March: Prices continued to increase due to steady demand and concerns over the crop quality in certain regions. The average price rose, reflecting the overall market dynamics.

April to June

April: The price of red chili peppers continued its upward trend. Strong export demand, particularly for the Teja variety, and lower domestic arrivals contributed to this price surge, showcasing the interconnectedness of international markets and domestic pricing.

May: Prices experienced a slight dip. Despite a decrease in export volume, the rise in export revenue indicated an upsurge in the unit price, reflecting the premium quality of Indian red chili in the global market.

June: Prices stabilized during this period, finding a balance between reduced arrivals and steady demand. Concerns over delayed sowing activities raised supply worries, but the market absorbed these uncertainties without significant price fluctuations, signaling market resilience.

July to September

 July: Prices remained stable, a reflection of the market’s ability to absorb shocks from reduced crop arrivals and crop damage in some areas. This stability was indicative of a well-balanced market, responding to both supply constraints and steady demand.

August: The market experienced some price increases due to lower-than-expected arrivals. However, overall stability was maintained, suggesting effective market management and anticipation of future supply patterns.

September: Prices continued to be stable within a restricted range, despite concerns about crop quality in Madhya Pradesh due to heavy rains. This stability was a testament to the resilience of the market and its ability to adjust to varying supply and demand dynamics.

 October & November

October: The market adjusted to the arrival of new crops from Madhya Pradesh, leading to a decrease in prices in other regions like Andhra Pradesh and Telangana. This typical supply-demand dynamic led to a correction in prices.

November: Prices remained stable, indicating that the market had reached an equilibrium. The slow arrival of new crops and the stable prices in major markets suggested a well-balanced supply-demand situation.