Raisin prices rise: No possibility of recession
12-Mar-2025 06:42 PM
Raisin Prices Surge Amidst Production Shortfall
Mumbai: The prices of raisins have risen sharply due to lower production in Maharashtra, the largest producing state. With limited new arrivals in the market, the prices are expected to remain firm throughout 2025, with record-high levels anticipated.
Current Price Trends
- In Sangli and Tasgaon Mandi, Maharashtra, new arrivals of 85/90 motors are reported.
- Due to strong stockist demand, prices have increased by ₹15 per kg in the last two days.
- Raisin prices are now quoted at ₹230-250 per kg.
Reasons Behind the Price Surge
Decline in Production:
- Raisin production has dropped for the second consecutive year.
- 2024-25 season estimates: 15,000-17,000 carts (each cart = 10 tonnes).
- 2023-24 production: 19,000-20,000 carts.
- 2022-23 production: 23,000-24,000 carts.
Lower Market Stock:
- Stock availability in Maharashtra has declined sharply.
- Last year, 3,000-3,500 carts of raisins were available; this year, it's only 500-600 carts.
Strong Export Demand:
- Turkey’s raisin production has declined, boosting demand for Indian raisins.
- Major export markets: Morocco, Russia, Saudi Arabia, Vietnam, Sri Lanka.
- India exported 33,000 tonnes of raisins in 2023-24, and demand is expected to increase further.
Future Price Projections
- With weak stock and reduced production, there is no possibility of a price recession.
- Prices could reach ₹200-300 per kg in 2025, driven by export demand and supply constraints.
The raisin market remains bullish, and traders anticipate strong price support throughout the year.