Export of chilli from india to the other countries
DOI:
https://doi.org/10.55529/jpome.52.11.20Keywords:
Chilli Export, Chilli Trade, Climate, Demand for Spices.Abstract
India’s chilli exports generate an annual revenue of approximately USD 1 billion, representing 25% of the global market share. Competation based pricie driven by large-scale manifucturing and lower labor expenditures combined with the different varaties of chilli varieties enables Indian market to cater to diverse international tastes. Additionally, the various value-added products like chilli powder, sauces, and oleoresins continue to gain popularity in the international market spurred by the rising global demand for spices globally. Despite the strengths in chilli trade, it aslso faces problems for example adherence to stringent quality standards like ASTA and EU pesticide regulations. The competition in chilli trade from different countries like China, Vietnam, and Mexico and the logistical hurdles in ensuring timely deliveries while maintaining product quality. Climate-related risks in chilli trade further compound these challenges and often causing price volatility and crop losses.
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