Dried Fruit

Dried apricots: estimates for the new crop

June 16, 2020 12:10 PM, Der AUDITOR
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MALATYA. Malatya Province and the agriculture direcotrate published the first estimates for the apricot crop in 2020. Meanwhile, exports are going well and prices are rising due to lack of availability.

Will the TMO buy apricots?

After completing its studies for the Turkish province of Malatya, the Apricot Crop Evaluation Commission, together with the local agriculture directorate, announced its crop estimates for 2020. According to the announcement, about 381,737 metric tonnes of fresh apricots and 85,275 metric tonnes of dried apricots will be harvested in Malatya alone, while the dried apricot crop in Turkey as a whole will amount to 104,000 metric tonnes. However, some market players estimate that the crop volumes could be even higher. The harvesting season for dried fruit production begins at the end of June and so far, farmers and traders agree that the quality will be satisfactory. They are still holding back on prices for the new crop, but it is expected that they will remain at the level of the current crop. The TMO has not yet made any statement as to whether it will intervene in the market with apricot purchases; the decision is, along with the fluctuating Turkish Lira, an important factor in price formation. The Exporters Union already reported a few weeks ago that it expects the TMO to buy. As less and less farmgate goods from the current crop are available on the market, export prices have increased compared to last week and are currently at a level of USD 3.40 per kg FOB Mersin for dried apricots, no. 2.

Dried apricots, Turkey

Size

USD/mt

EUR/mt

No 2

3,400

3,020

No 4

3,050

2,700

No 6

2,850

2,525

No 8

2,500

2,215

FOB Mersin, 2,000 ppm

Stable exports

Traders report that exports were very satisfactory last week and are continuing well this week. Last week a total of 1,430 metric tonnes of apricots and apricot products were exported, compared to 745 metric tonnes in the same week last year. This is probably due to the more favourable prices of the last weeks. Total exports since the beginning of the season amount to 89.779 metric tonnes, in the same period of the previous year it was 91.985 metric tonnes.

Dried apricot exports in mt

Type

2019/20

2018/19

Whole

76,571

75,957

Industrial

7,068

9,674

Diced

6,140

6,354

Total

89,779

91,985

Since the start of the season

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price chart, apricots, dried, sulphured, no 2
price chart, apricots, dried, sulphured, no 4
price chart, apricots, dried, diced, 5 x 8 mm
more price charts

Attached Files

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price chart apricots, dried, sulphured, no 2
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price chart apricots, dried, sulphured, no 4

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