After early‑Ramadan surge, chilli prices drop again in Male' markets

A customer picks chilies at a local market in Male': Prices soar at local market due to scarcity of goods. (Sun Photo/Moosa Nadheem)

Following a period of inflationary pressure at the start of Ramadan, the retail market in Male has observed a notable reduction in the price of Kandoodhoo scotch bonnet chillies. Market data indicates a drop from previous highs of MVR 450 per kilogram to a current range of MVR 230 to MVR 280. This downward trend provides relief to consumers as the holy month progresses into its final stage. Alongside this staple, various essential fruits and vegetables remain available at competitive rates, reflecting a stabilization in local supply chains and market demand.

Kandoodhoo chilli prices fell to MVR 230 to MVR 280 per kilogram
Retail pricing for chillies is now set at MVR 25 to MVR 30 per 100 grams
Initial Ramadan prices had previously peaked between MVR 380 and MVR 430
Essential produce such as watermelon and papaya are currently priced at MVR 35 and MVR 50 per kg respectively

The price of the popular Kandoodhoo scotch bonnet chilli has dropped sharply in Malé markets as the last 10 days of Ramadan begin.

On Sunday, Kandoodhoo chilli was selling for MVR 330–380 per kg. By Monday, prices had fallen to MVR 230–280 per kg. Retailers are now selling 100 grams for MVR 25–30.

Kandoodhoo chilli prices had surged at the start of Ramadan, when 100 grams cost MVR 40–45, and a kilogram ranged between MVR 380 and MVR 430. Some stalls were even selling it at MVR 450 per kg.

Current market prices for other fruits and vegetables