Dried Fruit

Dried apricots: production estimates called into question

June 30, 2020 10:12 AM, Der AUDITOR
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MALATYA. Harvesting is picking up speed in Malatya in Turkey. Labourers are permitted to travel from other provinces, providing they have tested negative of Covid-19.

Offers available soon

The rains of the recent weeks have made way for high temperatures ranging above 40C in Malatya. Market players hope that the weather conditions will last until the frutis have been dried. Although preparations are underway to dry the fruit, demand for fresh apricots may reduce supplies for dried apricot production. Exporters are, therefore, holding back with offers for the new crop. Prices will only be issued next week at the earliest.

Buyers are anything but interested in spot offers side and the export prices have remained firm for prompt shipments. Suppliers are busy dealing with the final shipments for the season. Some have already started their summer break to conduct cleaning and maintenance work. Exports are expected to rise to 95,000-100,000 metric tonnes by the end of July, meaning that carry-over supplies should be very limited.

Dried apricots, Turkey

Size

USD/mt

EUR/mt

No 2

3,300

2,939

No 4

3,100

2,761

No 6

2,850

2,538

No 8

2,500

2,227

FOB Mersin, 2,000 ppm

Global production set to decline

The INC estimates Turkey's dried apricot production at 78,000 metric tonnes, a 22% decline on last year. Some traders have, however, called this estimate into question as market estimates rather range at 104,000 metric tonnes. Global production is expected to decline by 11.5% to 159,250 metric tonnes. Lower yields are not only anticipated in Turkey but also in Iran, the US and in South Africa.

Dried apricot production in mt

Country

2019/20

2020/21

Diff.

Turkey

100,000

78,000

-22.0%

Iran

26,300

25,000

-4.9%

Uzbekistan

10,300

12,500

21.4%

Afghanistan

4,500

6,000

33.3%

China

5,700

5,900

3.5%

USA

1,400

900

-35.7%

South Africa

1,650

750

-54.5%

Other

30,000

30,200

0.7%

Total

179,850

159,250

-11.5%

INC Webinar June 2020

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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

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price chart apricots dried no 2 Turkey
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price chart apricots dried no 4 Turkey

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