Chili peppers are spicing up the economy in China's Guizhou Province. Within the city of Zunyi, there is a renowned township Xiazi, known as the "Chinese Pepper City," a trading center where pepper traders gather daily. The 'pepper city' in Xiazi has evolved over time. From its early days of spontaneous and scattered trading, it has become the Zunyi professional chili pepper market. It now serves as the central trading hub, with big data centers, financial service centers, logistics distribution centers, and inspection and quarantine centers.
After years of development, the market now covers an expansive area of about 31 hectares, capable of facilitating the annual trade of 750,000 tons of chili peppers. Put into operation in 2017, the "pepper city" embraced a transaction volume of nearly 300,000 tons last year, with a total transaction value of approximately 1 billion US dollars.
The pepper index in Guizhou serves as a weather vane for pepper trading, providing valuable insight into market trends. Each year, when peppers are listed, many regions and marketplaces await the price of Guizhou chili peppers before determining the pricing of their own pepper varieties.
Source: china.org.cn
