There is still a long time for the raisin new crop to arrive and the markets are currently going strong due to a lot of disposals of old goods. With the decrease in arrivals, there is a possibility of reasonable growth in raisins prices by October end due to the upcoming Deepali festival in India.
The festive consumption of raisins has increased by 22 percent this time, compared to the same period last year, since COVID-19. Good demand has arisen in the market for the Navratri festival, which is starting on the 26th of September, 2022.
There are reports of grapes being affected in the production line due to heavy rains in the last few days, and new crops have a possibility to arrive in the mandis a month late. Also, the arrival of old goods in the market has reduced, but Indian Rupee is strong against the Dollar which is keeping the Indian raisins price in the international market same, and mainly because of that reason though the domestic arrivals were less, the exports markets were running sluggish for the last one and a half months.
Along with this, the demand for marriage season will be continuous for the next 2 months.
Traders have started to buy now, due to which the market is now looking sharp for the future. It has been observed by traders that last year the price of raisins was running at $1,50 to $1,65 per kg in the Sangli line, which this time has opened at $2 per kg and has gone up to $2,50 kg in the last one and a half months. The green raisins are being traded at around $2,80 per kg, and the old goods are not in stock, due to which the markets have become very strong.
Experts suggest that now there seems to be room for a further increase from these price levels.
The Raisins black grade AA prices were Recorded at $1,24 per kg FOB.
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Preparations for the new sultanas season is full with question marks