đ Raisin Market Surge: Frost Impact and Seasonal Trends Propel Prices
Recent frost events have sparked concerns among grape farmers, significantly influencing the raisin market dynamics as the season nears its end. The dwindling stock levels and the anticipation of the new season have pushed the prices upward, with the lowest exported number 8 raisin currently priced at $3,000, potentially rising to $5,000. This report delves into the current market trends, price movements, and fundamental drivers affecting the raisin market, providing a comprehensive outlook and strategic recommendations for market participants.
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Raisins
sultanas, type 9, rtu grade STD
FCA 2.04 âŹ/kg
(from DE)
Raisins
golden, grade aa
FOB 1.92 âŹ/kg
(from IN)
Raisins
brown, grade aa
FOB 1.46 âŹ/kg
(from IN)
đ Market Overview: Current Prices and Trends
| Type | Location | Price (USD) | Previous Price (USD) |
|---|---|---|---|
| Sultanas, Type 9, RTU Grade STD | Hamburg, DE | 2.04 | 2.25 |
| Golden, Grade AA | New Delhi, IN | 1.92 | 1.91 |
| Brown, Grade AA | New Delhi, IN | 1.46 | 1.45 |
đ Key Market Drivers
- Recent frost events raising concerns over future supply.
- Decreasing stock levels as the season ends.
- Government support for uninsured farmers affected by frost.
đŠïž Weather Forecast: Impact on Harvest
The upcoming weather conditions in key growing regions are expected to be mild, which may help mitigate some of the frost damage and stabilize the market. However, any unexpected weather patterns could influence market volatility and pricing.
đź Price Forecast: Next 3 Days
Given the current market conditions and recent price trends, prices are expected to remain high with potential fluctuations depending on incoming weather reports and stock levels.