Chili Prices on Steady Rise: High Temperatures Tighten Supply, Export Demand Booms

Recently, domestic chili prices have maintained a steady upward trend, primarily driven by persistent high temperatures and growing export demand. 

 Major producing regions have entered a period of extreme heat and dryness, slowing harvest progress in some areas. With circulation supplies becoming relatively tight, prices of high-quality dried chilies have edged higher. 

 Overseas demand for premium dried chilies remains robust, fueling a notable surge in export orders. Customers from Southeast Asia, the Middle East, and parts of Europe have shown particular enthusiasm for varieties with consistent spiciness and vibrant color—such as Honglong and Erjingtiao—further boosting market momentum for top-tier supplies. 

 In terms of broader trends, the market is currently in a transitional phase: leftover stocks from the previous season are dwindling, while the new season crop has yet to hit the market in large volumes. This supply-demand mismatch has made prices more likely to rise than fall. 

 It is anticipated that chili prices will oscillate at elevated levels in the short term. A periodic adjustment may occur once the new season’s chilies enter mass circulation from late August to September.