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Dates: post-Ramadan hangover

May 9, 2022 10:51 AM, Der AUDITOR
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TEHRAN. High prices for dates obviously failed to deter overseas buyers in the first quarter as recently issued export data shows. Exporters are, however, not quite satisfied. While prices surged this year, tides are now turning after Ramadan.

Prices finally shift

The prices for premium quality Mazafati dates surged by 33% between January and March, mainly driven by high demand due to Chinese New Year and preparations for Ramadan. Now that Ramadan has ended the market finds itself in a completely different situation. Prices have finally started to decline as domestic consumption ranges lower than in April and cold storage supplies are available. Traders are convinced that the tide has finally turned and that this trend will continue.

Dates, Iran

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