China: Prices surge for dried chilli

According to a report on December 6, 2016, a severe decrease of the chilli production in the two main production regions of Henan and Hebei has made the demand for chilli peppers 'red hot'. 

The unbalanced relation between supply and demand has driven the price upward. At present, 500 grams of chilli peppers go for a staggering price of 7 RMB. Qingdao dried chilli has a retail price of no less than 12 RMB.

Expert market analysts believe that, apart from the reason that the supply doesn't meet the demand on the chilli market, a large amount of society's funds are also directed towards building a stock of the cherished goods. As a result, the segment of the chilli peppers that is available for sales and circulation is very limited. This is another reason why the price continues to go up. 

At the end of January, a large amount of chilli peppers from India will be imported into China. This is bound to push the Chinese chilli price back down. Purchasing companies that invest in chilli peppers definitely have to stay rational. By no means should they rush in blindly to follow the trend, because this could severely jeopardise the gains. 

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