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Commodity profile - Chilli
Botanical Name Capsicum annuum
General characterstics
A spice is a dried seed, fruit, root, bark or vegetative substance used in nutritionally insignificant quantities as a food additive for the purpose of flavoring, and indirectly for the purpose of killing and preventing growth of pathogenic bacteria.
Chillis contain aroma components as paprika, but their content in capsaicin (the amide of 3-hydroxy-2-methoxy-benzylamine with 8-methyl-6-noneneoic acid) and related compounds (collectively called capsaicinoids) is much higher (up to 1%, which equals 150,000 Scoville heat units).
The important chilli growing states of India are Andhra Pradesh, Karnataka, Maharashtra, Madhya Pradesh, Orissa, West Bengal, Rajasthan and Tamil Nadu. Guntur is Asia's largest market for chillies.
Indian chilli is mainly exported to USA, Sri Lanka, Bangladesh, the Middle East and the Far East.
Growing season  July-August
Fertilizer application N(kg/hec) P(kg/hec) K(Kg/hec)
  60 30 60
Harvesting season  December-May
Chilli used as a spice in Indian food.
Market moving factor
1.The commodity is highly volatile, season dependent and production in different producing regions has an impact on prices.
2.The exporters demand and stock available at the cold storages determines the price factor of chilli.
3.The chilli price varies from variety to variety. So market players hedge their position through single varities.
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