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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BY ROBERT RODRIGUEZ
27 September 2016
California raisin growers are expected to harvest about 270,000 tons of raisins this year, according to a preliminary estimate from the Raisin Administrative Committee in Fresno.
The preliminary estimate – about 20 percent lower than last year’s 336,000 tons – was prepared in anticipation of the International Dried Grape Conference being held in China this week.
06/22/16 10:06 AM EDT
The U.S. Department of Agriculture (USDA) is moving forward with new grading standards for processed raisins.
The USDA’s Agricultural Marketing Service (AMS) announced Wednesday slight changes to the raisin standards as part of an effort to remove offensive language from the text of the previous rule.
The USDA will remove all references to “midget” raisins.
The changes go into effect in 30 days.
The new crop is short and the overall situation has increased the demand on all varieties including Thompson Raisins, Jumbo Flame Raisins, and Golden Raisins.
The offers from Chile are on hike and producers are not too eager to sell at this time. Offers are made for few loads at a time and for short position.
#chileanraisins #raisins #newcropraisins
Turkish Raisins price fall continues and drives the sales
1-June-2016 09:38 AM
Accelerated by EEC regulation of lower chloryphos limit starting from 10th of August, export
sales jumped up. As a result, prices of the very limited unsold farmer stocks
went up daily during the second half of May.
Chilean raisin prices have been increasing since last week and are expected to rise further in the coming weeks, due to the rainfall during harvest and crop damage.
Although the reports are indicating minor damages has been incurred.
#ChileanRaisins #Raisins #cropnews
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By: Carl Collen - EUROFRUIT / Monday 14th March 2016, 09:31 London
Changes have been made to the maximum residue levels allowed of certain chemicals found on imported products
The European Union has announced the amendment of maximum residue levels (MRLs) for pesticide residues in a number of different products.
Inspection and certification group SGS reported that, in January, the EU announced four Commission regulations amending Annexes II, III and V of Directive 2005/396/EC of the European Parliament, and of the Council, with regard to maximum residue levels for pesticides in or on food and feed of plant and animal origin.
Amendments include changes to MRLs for chlorpyrifos in mandarins, apples, pears, peaches, table grapes, blackberries, raspberries, currants, gooseberries, kiwifruit, pineapples, potatoes, tomatoes, peppers, aubergines, melons, watermelons, whole cabbage, chinese cabbage, globe artichokes, leek and sugarbeets, which will be applied from 10 August this year.
The changes mean that EU member states can take and analyse samples for the pesticide/product combinations and the number of samples of each product, including foods for infants and small children and products originating from organic farming, SGS noted.
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