The raisin market has witnessed a significant price surge, particularly in India, where production shortfalls have pushed prices to record highs. With a consistent decline in production over the past three years and stocks at critically low levels, the market dynamics have shifted, favoring higher prices. This report delves into the current state of the raisin market, examining key price movements, market drivers, and providing a forecast based on recent trends and upcoming weather conditions.

📊 Market Overview

📈 Recent Price Movements

• Prices in Maharashtra, a major producing area, have reached USD 3.13–3.63 per kg.
• Current market stocks are significantly down from last year, currently at 500–700 carts.
• Global factors, including a decrease in Turkey's production, also support high prices.

📉 Key Market Drivers

• Sharp decline in production over the past three years.
• Low carryover stocks enhancing price sensitivity.
• Increased domestic consumption and reduced exports due to high local prices.

⛅ Weather Forecast – Key Growing Regions

The weather in major raisin-producing regions like Maharashtra is expected to remain dry over the next few days, potentially stressing the already limited crop yield. This could further tighten the supply and support high prices in the short term.

🔮 Price Forecast – Next 3 Days

📌 Conclusion & Strategic Recommendations

• 🛒 Buyers: Monitor the market closely; consider securing supplies before prices potentially move higher.
• 🏭 Sellers: Capitalize on the current high prices by releasing any available stocks.
• 📊 Traders: Watch for any significant changes in weather patterns that could impact production forecasts.