Weather Shift in India During Late Nov-23 Threatens Grape Crops, and Global Demand May Sustain Prices in Dec-23

Late Nov-23 witnessed a sudden weather shift in India, marked by unexpected rain and strong winds. This change is anticipated to potentially harm grape crops. Additionally, given the higher global demand for Indian grapes in 2023, there's less likelihood of prices dropping in Dec-23. However, a further price decrease may be possible following Jan-24 if the supply increases, leading to a situation where the supply surpasses demand.