Dried Fruit

Dates: evaporated supplies

June 2, 2021 1:41 PM, Der AUDITOR
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TEHRAN. A rather surprising twist has taken place in the date market over the last few weeks. While some market players were still highly concerned over high cold-storage inventories in April, these supplies have now evaporated. Dates from last year’s crop should in fact be sold out soon. Traders attribute this sharp cut in supplies to Ramadan and exchange rate fluctuations.

Exports more than double

Recently issued export data indeed shows a sharp rise in demand in April. Iran, in fact, shipped 37,109 mt of dates worth USD 33.151 million overseas between 20 March and 20 April, which is a sharp 119% up on the 16,933 mt shipped in the same period in 2020. The export value is even 128% up on the USD 14.535 million generated last year. Although demand was certainly boosted by the start of Ramadan in mid-April and by competitive prices prompted by the Iranian rial losing in value against other currencies and firm prices in the domestic marke

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