High production and less demand will keep raisins market low
The production of raisins was very good in the state of Maharashtra this year. But demand from the domestic buyer is certainly less. The stock of raisins is more than its demand. Looking at this gap of demand & supply it can be said that the market of raisins will remain low throughout the year.
Also, the present situations are not favorable for labors that are occupied in the raisins industry. They certainly have to continue their work at a lower cost and might occupy themselves with other available work.
Crops production of below the average goods and golden quality is high
According to the latest survey report, grapes production in all three growing regions of Maharashtra; Tasgao, Sangali and Nashik is amazingly high. Before this, from time to time, we all have gone through the survey reports regarding the rise and fall of raisins providing variations in the production of crops.
Production of low-quality as well as good-quality raisins
The quality of crops in producing areas of Nashik was low; due to this, the production of below-average goods has increased a lot. Apart from this, the achievement of golden goods has increased. The rest of the Indian yellow raisins are also stocked in large quantities in the area of Sangali. The arrival of green raisins also accounted high in terms of both quality and quantity. A chaotic situation has been created in all-round mandis.
Traders have an abundance of stock but sitting low
Traders and stockists have a good amount of stock lying in their warehouses. By looking at the previous year’s boom in demand for raisins the farm producers have produced and traders have bought medium size raisins goods in abundance of quantity. But demand from the local market is not as good as the previous year and raisins are not being sold in that proportion. Due to this, the stock has started coming out to the trader’s warehouse in Tasgaon and Nashik mandis for sale.
Prices in the local market
Golden Raisins are being sold at $ 0,80 – 1,10 per kg in Nashik mandi. Prices in the Tasgaon market for yellow raisins are being sold at $ 1,10 – 1,45 per kg and good quality raisins are being sold at $ 1,60 per kg approximately. Green raisins of Sangali are quoted up to $ 2,15 – 2,20 per kg.
Conclusion
Traders have taken delivery of raisins in large quantities in June-July. They have just started falling, looking at these circumstances, there is no far-fetched belief that the raisins market will come up in the near future which will be quite painful for traders throughout the year.