đ Raisin Market Dynamics: Rising Prices Amid Supply Concerns and Weather Anomalies
Raisins, a staple in global agriculture, are witnessing significant price fluctuations influenced by various environmental and economic factors. Recent frost and cold weather have damaged crops, leading to a surge in prices as farmers anticipate purchases from major raki companies. These companies, pivotal in setting market trends, have initiated buying at higher than expected prices, providing a hopeful outlook for the upcoming season. However, the rising costs of fuel and medicine are inflating production expenses, prompting caution among exporters and farmers. The ongoing drought continues to threaten not just raisins but other agricultural commodities as well. Despite some relief expected from forecasted rains, the volume of precipitation remains crucial. Last week’s export data showed a decrease in volume but an increase in price, indicating a tightening market with potential further price hikes.
đ Current Market Prices
| Type | Price (USD) | Previous Price (USD) | Update Date |
|---|---|---|---|
| Sultanas, Type 9, Grade A | 3.35 | 3.25 | 2025-04-23 |
| Sultanas, Type 8, Grade A | 3.10 | 3.00 | 2025-04-23 |
| Sultanas, Type 10, Grade A | 3.50 | 3.50 | 2025-04-23 |
Exclusive Offers on CMBroker
Raisins
sultanas, type 9, grade a
FOB 3.35 âŹ/kg
(from TR)
Raisins
sultanas, type 8, grade A
FOB 3.10 âŹ/kg
(from TR)
Raisins
sultanas, type 10, grade A
FOB 3.50 âŹ/kg
(from TR)
đ Market Drivers
- Impact of adverse weather conditions on crop yield.
- Influence of raki companies on market pricing.
- Increased production costs due to higher fuel and medicine prices.
- Global demand and export trends.
â Weather Forecast â Key Growing Regions
The upcoming weather forecast predicts 1-2 days of rain starting April 24, which is critical for the current drought conditions affecting the raisin crops. All stakeholders are keenly watching these developments, as the amount of rain will significantly influence the market dynamics and potentially the pricing structure in the upcoming months.
đź Price Forecast â Next 3 Days
Given the current market conditions and upcoming weather forecasts, prices are expected to remain volatile. Traders should monitor the weather closely as it will play a crucial role in determining the short-term market movements.
