More Commodities - Fruit and Vegetables

Dates: unsustainable prices

April 22, 2022 9:48 AM, Der AUDITOR
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TEHRAN. Ramadan typically boosts demand for dates, especially in Iran where 40% of consumption takes place during Ramadan. This uptick in demand also has an impact on prices. Traders, however, reckon that the current prices are anything but sustainable.

High consumption

Annual per capita consumption of dates ranges as high as 8-10 kg in Iran and as much as 70% of production is consumed locally. The country produced 1.25 million mt last year, of which only 25-30% are exported. Ramadan has driven up prices by as much as 30% in April. Traders, however, state that warehouse supplies are ample and that sufficient dates are available in local markets. As much as 70,000 mt of dates from cold storage facilities will enter the market very soon, abundant supplies are, in other words, available to meet domestic and export dem

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