Despite the market being stable after the price increased earlier this month, according to the market experts, the price of raisins is likely to go bearish in the coming days.
Current Scenario
New crops have arrived in the market, and there has been a good demand for them since the old stock of raisins in most places was either finished or very low.
This is primarily because the new stock arrived a month late along the Tasgaon and Sangli production lines.
The late arrival of the new crop is due to the unfavourable weather led to the farmers deferring the sowing of the grapes. Also, the shortage of labour due to the pandemic affected the condition of the plants and the grapes.
According to market reports, there is a slow but steady increase in the arrival of new stock in the spot markets near Tasgaon and Sangli.
Experts suggest that the marriage season is almost over; hence, there is no need to stock the products at a higher rate. So it is recommended that stockists wait for a while before making the purchase.
Prediction
Market pundits believe there was a production shortage in raisins, mainly in Maharashtra, which increased the price. But given the current situation and the quantity and quality of the raisin, it is unlikely that there will be a commodity shortage. As a result, the price is unlikely to go up after a while. Instead, it is expected to drive down.
Price Trend
Golden Raisin AA quality
| Date | Price |
| February 22 | $1,72 per kg FOB |
| February 3 | $1,70 per kg FOB |
| February 1 | $1,69 per kg FOB |