Dried Fruit

Dried apricots: exchange rate fluctuations unsettle exporters

November 24, 2020 10:39 AM, Der AUDITOR
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MALATYA. The volatility of the Turkish lira is causing exporters of dried apricots to take unusual measures. Exports keep on declining.

Lira declines in value despite higher key interest rate

The strong fluctuations in the exchange rates between TRY/USD and TRY/EUR are causing great uncertainty among Turkish exporters and no one can predict what the near future will bring to the market. For this reason, many traders have decided to offer their goods on a daily price basis or to quote export prices directly in Turkish lira so that they can be converted into dollars or euros according to the current exchange rate. At present, export prices are TRY 27/kg FOB Mersin (about USD 3,42/kg) for sulphurised d

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