Market News on Organic Commodities

Look to the North regions – there you will find the crop; in the South, output will be low, at best!

Although harvest 2017-18 officially started, because of recent rains, the majority of farmers could not enter the fields. Locally, trade is sluggish.

Weather conditions are key for a successful harvest. Output is projected to be lower this year.

The great majority of the crop quickly finds its trade routes to EU member countries. The trade routes for the upcoming crop are already known. What is not known yet is the price!

Farmers from different regions have different stories to tell. Projected aggregate output this year will be smaller. Prices on the receding side.

Dry weather has left its traces in regions of the South. Inevitably, this will have a negative impact on this year’s aggregate output. In the Northeast and Northwest, the picture is totally different - farmers expect a strong harvest.

The small remaining stocks seem not to scare foreign buyers since the upcoming harvest is approximately a few weeks away. Prices exhibit a downward trend, generally following a descending tendency since the beginning of the year. Eyes on the upcoming harvest.

Although exports have been frozen for quite a time, earlier this month small shipments to foreign markets kicked in. Even though local trade is sluggish at best, the market seems not so willing to work with future contracts.

With the new harvest approximately a month and a half away, trade of the old crop is sluggish as ever. The recent cold weather and small remaining quantities are not a factor in pushing prices up. Miniscule quantities traded on the domestic market.

Prices have reached its lowest point since beginning of year. Sales on green have frozen. Meager quantities are traded on the domestic market.

The exports of organically products may grow threefold by 2020.

Prices of sales on green fluctuate around these of harvest 2016-17. A very strong export season left scanty quantities on the domestic market.

Iran produces about 98% of world consumption.