The overall sentiment for raisin for November was stable. However, there has been a slight increase in the prices for all the varieties twice this month.
The stability in the market came as a relief to the farmers and traders of raisin after the slum it experienced last month, as per experts, who predicted that the price would stay stable came true for the dry fruit.
On November 30, the spot market price for golden raisins was high, with Brown and Malayar varieties prices staying between low and stable.
Market Sentiment
The reason market stayed stable and at times went into an appreciative mode for raisin was due to the good demand for the product among many conglomerates ordering dry fruits as a gift for their employees. Since raisins, cashew, pistachio, and almond are often bought and gifted during Diwali and Dhanteras. With Christmas and New Year coming up, the prices for raisins and the other dry fruits are expected to remain steady.
The good production of yellow raisins in Belgaum Karnataka and the western belt of Maharashtra has also contributed to the steady pricing of the dry fruit.
According to dry fruit traders, there is a likelihood of the prices for raisins and other dry fruits surging with good demand from corporate, pharmaceuticals, fintech, banking, and such sectors.
The expectation is that local bakeries and even domestic demand for dry fruits will increase during the winter due to the increase in the use of dry fruits in making Christmas and New Year’s cakes.
Price Chart
Golden Raisin AA Quality
| Date | Price |
| November 29 | $1,67 per kg FOB |
| November 11 | $1,65 per kg FOB |
| November 9 | $1,63 per kg FOB |
Prediction
With the steady import of dry fruit from the US, Iran, and Afghanistan, the prices won’t skyrocket, but they will stay firm with good domestic demand. Traders are hopeful that slight appreciation in the price can occur in December with the upcoming festivities and New Years’ celebration.
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