There are still two months left for the Indian raisins harvest, and the markets are running fast as the old stock is almost liquidated. On the other hand, this time, Kandhari raisins are also available at a higher rate. Therefore, there are possibilities for further growth ahead.
Bad weather conditions
Raisin crop has been coming less in Tasgaon Sangli line due to unfavourable weather for the last 2 years. On the other hand, less old stock is being saved.
Compared to the previous year, the prices of raisins have increased by 23%. There is a good demand visible in the market post-Diwali due to the arrival of the wedding season. Currently, the old stock of raising is nearing completion, and this is the reason that despite the crunch of the rupee, the intraday markets have been running very fast in the last one and a half months.
Future Scenario
The domestic demand for raisins is constant, so the experts predict that the market will intensify further. Apart from this, for the next 10 days, businessmen have started buying at prices below the demand for weddings. This resulted in a positive outlook in the raisin market in the upcoming days. As the prices are high currently and there’s still some time left in the harvest of raisins, there seems to be scope for further increase. To conclude, one should keep buying raisins at the current price.
The Raisins golden grade AA prices were recorded at $1,92 per kg FOB.
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