The Indian raisin market faces a gloomy scenario, marked by weak local demand and a lackluster invoice appetite. Sensing the subdued market conditions and armed with a bountiful new crop, producers are resorting to selling their goods by cutting down on stockists. This has resulted in a depressed market with slim prospects for growth in the foreseeable future. The key to profitability lies in selling goods wherever customers can be found.
Sunshine on the Trees – A Promising Crop in Sangli Tasgaon Line
In the Sangli Tasgaon line of Maharashtra, the upcoming crop of raisins is painting a promising picture. The trees look fine, indicating a good-quality harvest. However, despite this positive development, a significant volume of old stock is stuck in the producer, distributor, and consumption markets. This surplus has triggered widespread selling across various price points.
Weddings on Hold – Raisin Consumption Dilemma
Traditionally, raisins were expected to be in high demand for weddings following Diwali. However, this anticipated surge in business did not materialize even during Diwali, leaving traders holding onto stocks and waiting for the wedding season. With weddings now postponed for another month, the market remains sluggish. Increased selling from the Sangli Tasgaon line has led to lower prices for light-quality raisins in Bihar, Bengal, and Orissa. These find consumption in areas like Patna, Bhagalpur, Muzaffarpur, Darbhanga Gaya, Kolkata, Adra, Bandil, Durgapur, etc. In contrast, medium-quality goods are still abundant in Uttar Pradesh, with sellers from Kanpur and Lucknow flooding the market.
Agra’s Dwindling Business And Rajasthan’s Low-Priced Stock
In Agra, business is declining, with stock from the Jaipur Bikaner line of Rajasthan sold at lower prices. This has led to an unfavorable demand for challans among traders in Delhi NCR. Indian Raisin Green is traded between $1,20 – $2,83 (€1,09 – €2,58) per kg, depending on quality, while the trade of yellow raisins is experiencing a decrease.
The raisin market faces a challenge marked by weak local demand and sluggish invoice appetite. Armed with a plentiful new crop, producers undergo the gloom by selling goods with reduced stockists. Despite a promising upcoming harvest in Sangli Tasgaon, surplus old stock hinders market growth. Traditional expectations of heightened raisin consumption for weddings post-Diwali still need to be met, leaving stocks unsold. Increased selling from Sangli Tasgaon lowers prices in certain regions, while Agra experiences dwindling business, and Rajasthan’s low-priced stock adversely impacts the market. Overall, the raisin market grapples with uncertainties, emphasising the need for adaptive strategies.