Increase in hot pepper prices
The market demand for peppers is huge and this winter it exploded, with prices rising sharply, break…The market demand for peppers is huge and this winter it exploded, with prices rising sharply, breaking new highs in recent years. The reason for the high price is the decline in pepper production. In the 2018 growing season, the overall production was poor due to high temperatures during fruit setting.
In addition, in July this year, there was local heavy rain in Jinxiang, Shandong Province, and the low-lying blocks of peppers were flooded, resulting in a low yield in the main producing areas of Shandong. In the case of high domestic dry pepper prices, new Indian peppers will be produced and the import volume will increase after February, which may have a certain impact on domestic peppers.