Dried Fruit

Dried apricots: buyers profit from exchange rate

September 29, 2020 10:48 AM, Der AUDITOR
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MALATYA. Trading is largely subdued in Turkey's dried apricot market. Growers show surprisingly little interest in selling to the TMO.

Growers opt for free market

Although the TMO started buying dried apricots last week, farmers are making little use of this option. Issue is that the bid prices range on a similar level as current market prices, meaning that there is little incentive for growers to sell to the state-run organisation. The TMO bid prices are rather seen as a safety net that is intended to cushion a possible fall in free market prices for the benefit of the farmers. While farmgate prices have stabilised, exporters have cut their prices in view of the devaluation of the Turkish lira. Dr

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