Global production surplus drive raisins market prices down
MINTEC - November 15, 2016 8:00 AM |
Jara Zicha, market analyst at Mintec.
Raisin prices have been trending lower since the beginning of the year, on the back of large global supplies.
Prices have been falling since September last year and are currently down by around 20%. In fact, prices have been falling since 2012, with the exception of 2015. In order to understand what has been driving prices in the market we must look at both the two main types of dried grape, raisin and sultana, and the major producers, California and Turkey.
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