COVID controls are expected to impact China’s raisin production

Published Oct 20, 2022

Tridge summary

The USDA forecasts a 6% decrease in China's raisin production for 2022/23, reaching 170,000 metric tons, due to strict COVID-19 controls in Xinjiang. Despite a rise in demand, domestic stocks are expected to remain steady at 30,000 metric tons as companies opt for cheaper imported raisins. Imports are projected to rise by 10% to 31,000 metric tons, primarily from Uzbekistan and Chile, while exports are anticipated to drop by 15% to 15,000 metric tons due to high inflation and increased competition from Turkey.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

China’s raisin production is forecast to fall slightly this year, according to a recent report from the U.S. Department of Agriculture, which is expected to push up prices for domestically produced raisins. However, despite a predicted rise in demand for raisins from food-processing companies, domestic stocks are likely to remain unchanged as companies opt for less expensive imported raisins. China’s raisin exports are also anticipated to fall owing to the high prices and competing supply from other countries. The China edition of the Raisin Annual report from the USDA Foreign Agricultural Service’s Global Agricultural Information Network was published on Sept. 9. It covers marketing year 2022/23, which runs from August 2022 through July 2023. The report is focused on Turpan, a prefecture-level city in northwestern China’s Xinjiang Uygur Autonomous Region. Turpan is a major grape-growing region and accounts for approximately 80% of China’s raisin production. Raisin production in ...

Source: Producereport