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China: Price of chili peppers keeps falling

The capsicum frutescens in the Wanbang market is from Zhoukou, Shangqiu and Vietnam. Under the condition of sunny weather, the daily supply of capsicum frutescens is about 30 thousand Jin. Lately, when the rainy days came, the daily supply decreased about 10 thousand to 20 thousand Jin. Although the supply is high, the demand is also high. Therefore, it never becomes unsaleable. 

This month, the main reasons behind the price decrease are: firstly, the quality problem. The quality of capsicum frutescens in the market declined, compared to that of last month. Secondly, big cultivation area and a variety of cultivation bases. This year, the number of cultivation areas doubled, compared to that of last year. Now, the capsicum frutescens has just entered the mid-sales. The supply is huge, which caused the sharp price decrease, compared to that of last month. 

Source: szonline.net

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