In India’s grape-producing regions, excessive rainfall, particularly in Nashik, caused grape prices in the Asia Pacific region to plummet by nearly 50%. Rising production costs added to the challenges faced by farmers and traders, who struggled to regain their footing amid subdued demand.
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Additionally, Indian grape exports faced a shaky start, with concerns of a looming recession in European markets. While West Asia and Bangladesh traditionally receive most of India’s grape exports, the European market offers higher prices. In June, the US market showed signs of recovery, partly attributed to decreased produce influx, and recent table grape price spikes were likely due to weather-related factors in Mexico’s Caborca and Sinaloa regions, rather than inflation.
Definition
Grapes are small, round, or oval fruits, typically green, red, or purple, produced by the grapevine plant (Vitis vinifera). Grapes are characterized by their sweet to tart taste and are often eaten fresh or used for making products like wine, grape juice, and raisins. They are a rich source of vitamins, particularly vitamin C and vitamin K, and contain antioxidants and dietary fiber. Grapes’ skin and seeds also contain polyphenols with potential health benefits. Their versatility in culinary applications makes them popular in various dishes, desserts, and beverages, contributing to their widespread consumption.
Key Details About the Grapes Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Grapes in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Grapes Price chart, including India Grapes price, USA Grapes price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Grapes Price Trend:
Grapes have several industrial applications beyond fresh consumption and winemaking. They are processed into grape juice and grape concentrate used in the beverage industry. Grape extracts and grape flavorings are employed in the food industry to add flavor to various products like candies and soft drinks. Grape seed oil, derived from grape seeds, is utilized in cosmetics and skincare products for its potential skin benefits. Grapes also have applications in the pharmaceutical sector due to their bioactive compounds, and they are used in the production of dietary supplements. In textiles, grape skins and seeds can be utilized to produce natural dyes, expanding their industrial utility beyond their role as a fruit.
Key Players:
- Valley Processing
- Monetary Pacific
- Giumarra Vineyards
- John Hautz Farms
- Bronco Wine
- Gallo vineyards
News and recent developments:
Grapes turn cheaper due to excess arrival rates likely to remain low. The grape plantation this year are affected due to unseasonal rainfall as reported by several farmers. The prices of grapes have plunged by almost 30-40% in the Indian markets, which has raised several problems for the producers. (Dated: 23 March 2023)
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