Decreased Prices of Raisins In Market

The Indian raisin market is experiencing a notable price decline due to increased production and weakened demand, both domestically and internationally. Reports indicate that the market is currently facing a significant slowdown. Over the past month, an 11 percent increase in raisin production has led stockists to reduce prices.

Price Trends and Market Reactions

In mid-June, raisin prices dropped, with no price rise anticipated soon. As a result, stockists and market players opted to sell goods at current prices. In the Sangli Tasgaon line of Maharashtra, raisin crop production has increased by 36 to 37 percent. However, this increased production has been of lower quality. Additionally, large quantities of old stock available with producers, distributors, and consumers have further pressured prices.

Distribution and Quality of Raisins

Increased sales from Sangli Tasgaon stockists have led to low-quality raisins being sent to Bihar, Bengal, and Orissa at lower prices. These regions consume raisins in cities such as Patna, Bhagalpur, Muzaffarpur, Darbhanga, Gaya, Kolkata, Adra, Bandel, and Durgapur. Medium-quality raisin stocks remain abundant in Uttar Pradesh, with sellers in Kanpur and Lucknow showing interest in selling. Business in Agra is low, and Rajasthan's Jaipur-Bikaner line stocks are sold at lower prices. In the Delhi NCR region, the price of Indian green raisins varies depending on quality, while the trade of yellow raisins is decreasing.

Impact of Seasonal Demand

With the wedding season nearly over and expected to remain calm for the next two months, and with a lack of significant business, the current price levels of raisins are likely to remain stable. It has been nearly four months since the raisin crop was harvested, and stock is now entering the market. Last year's price rise led to early purchases from Punjab, Himachal, Haryana, and Rajasthan, resulting in stuck inventory.

The Indian raisin market is grappling with a price decline driven by increased production and weak demand. Although prices have reached their lowest level, no significant price increases are expected soon. Exporters and market players should prepare for a stable yet challenging market environment in the coming months.