Chilli Output May Miss Target, Prices Likely To Soar

New Delhi: The chilli production in the country is likely to miss not only the projected target of 12 lakh tons in 2007-08, but it could be below the last year's level as well, as untimely rain has damaged 20-25 per cent of the crop, sources in Spices Board said. Market analysts who have pegged the loss at 15-20 per cent due to the rain said below-than-expected output could send the prices soaring in near-term.