Introduction
The raisin harvest has begun in Maharashtra State – India, Farmers are selling their raisin in the open market as the price is upward compared to last year. However, the overall 2024 raisin production is expected to be lower compared to the previous year.
Unexpected Rains Impact to Grape Quality & Reduce Production:
Due to unforeseen rainfall in December disrupted the grape harvest, affecting the quality and subsequently reducing raisin production. This comes after a period of steady growth, with Maharashtra witnessing a rise from 1,50,000 Tonne) in 2022 to a peak of 2,50,000 thousand units in 2023. Analysts predict, in 2024 arrival of Raisin is lower up to 1,80,000 to 2,00,000 tonnes in 2024.
Market Stabilization Expected, High-Quality Raisins to Arrive Soon
Market analysts observe stable raisin prices in the current month due to lighter-quality raisins arrival. However, higher-quality raisins are expected to arrive in March. For demand will set the price and quality as well.
Generally, farmers and stockits wait for good price and demand from the exporter and processor. If demand is stable then more stock will be aailable in the market and fall the price.
For latest price and market information, you can Satdal International.
Challenges & Hope - Raisin Industry in India
This year 2024, the raisin season presents a mix of challenges in case of weather and growing areas and total output.
While initial arrivals showcase a quality with higher price, Expected good quality raisins with better price in March-April 2024.
Conclusion
Despite the production down because of unseasonal raisin in December-2023, the market is still optimistic, looking forward to the arrival of higher-quality produce and increased arrival of material in the open market. Now the price may be stable from this level. However, a better harvest brings a positive outlook for the market.
