The Byadgi market is experiencing a significant drop in prices due to strong supply pressure. This means that the market is being flooded with an excess of Red Chilli, leading to a decrease in demand and subsequently causing the prices to fall.

a market correction could lead to an increase in demand for Chilli Oleoresin Companies such as Synthite and Plant Lipids, resulting in a rise in demand for the 5531 variety.

The next market reopening will be on Monday, April 24th, 2023, due to labor issues and heat waves.

It is important to note that this drop in prices is a temporary market fluctuation and can change based on various factors such as demand, supply, and market conditions. However, in the short term, it is advisable for farmers and sellers to adjust their pricing strategies.