Chilli farmers in Andhra Pradesh are facing a crisis as market prices for various chilli varieties have sharply dropped ahead of the peak season. Recently, prices have fallen to around Rs 10,000 per quintal—almost 50% less than last year’s levels. This sudden decline is sending shockwaves through the farming community, with many farmers bracing for substantial financial losses.
The downturn began last month and intensified last week when fresh stocks flooded the market. In recent years, chilli cultivation had seen a boom, with top-quality varieties like Bydigi, Teja, and Guntur Sannam fetching between Rs 20,000 and Rs 25,000 per quintal. However, with the arrival of new produce and a shift in global demand, even inferior quality stock is now sold at Rs 12,000 to Rs 15,000 per quintal. Traders are left scrambling as major importers, including Bangladesh and Sri Lanka, reduce their orders amidst political unrest and policy changes.
In response to the crisis, Narasaraopet MP Lavu Srikrishnadevarayalu has urged Chief Minister Chandrababu Naidu to intervene. The government has been directed to implement a market intervention scheme by purchasing stocks to stabilize prices and mitigate further losses for the beleaguered farmers.