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Dried apricots: Ramadan boosts sales

April 14, 2020 at 8:54 AM , Der AUDITOR

MALATYA. As exporters are currently buying a lot of goods, there has been movement on the apricot market. Demand from Europe, however, remains low.

Good demand from North Africa

According to market players, there was movement in the market this week as exporters stocked up on dried apricots and apricot products to meet demand from Arab countries regarding the upcoming Ramadan. Although this is very close in time, timely shipping is still possible for North African countries close to Turkey such as Egypt, Morocco and Algeria. Demand from Europe is currently almost non-existent.

Dried apricot exports in mt
Type	2019/20	2018/19
Whole	67,605	65,548
Industrial	6,073	8,353
Diced	5,200	5,288
Total	78,878	79,189
since the beginning of the season

New crop may not meet expectations

Meanwhile, producers worry about the new crop. Due to persistent rainfall and low temperatures, the farmers believe that the apricots may not reach the desired size. However, at an estimated 150,000 metric tonnes, the crop should still be sufficient as no frost damage has occurred. Despite the possibly too small apricots, the trade expects a good season and acceptable prices. One problem, however, could be that prices have been declining steadily in recent weeks due to the USD exchange rate; it is difficult to assess the development on the markets here due to the corona crisis. Currently, exporters are holding back their supplies out of concern that they will not be able to cover potential sales, as the new crop will not come onto the market for about three months.

Dried apricots, Turkey
Size	USD/mt	EUR/mt
No 2	2,750	2,520
No 4	2,600	2,380
No 6	2,400	2,200
No 8	2,050	1,880
FOB Mersin, 2000 ppm

View more information
- 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, sulphured, no 2

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price chart apricots dried, sulphured, no 4

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What are incoterms?

Incoterms are internationally recognized trade clauses that facilitate the trade in goods with the help of standardized contract formulas. They regulate the distribution of costs and obligations and thus prevent misunderstandings and disputes. They must always be agreed by both contracting parties and confirmed by signing the contract.

Overview of the incoterms

Please note that this is only a rough overview of the Incoterms. For a comprehensive description of the Incoterms, please visit the website of the International Chamber of Commerce.

EXW - Ex-Works (ex works)
The seller must ensure access to the goods at another named location (e.g. factory, factory, warehouse, etc.). The buyer organizes the loading and the transport and bears the costs and risks.

FCA – Free Carrier (free carrier)
The seller must deliver the goods to the buyer's carrier at a location specified by the buyer (for shipping or collection). The seller also undertakes the export customs declaration. The buyer assumes the risk from the moment the goods are handed over to the carrier.

FOB – Free on Board (free on board)
The seller assumes all costs and risks until the goods have been loaded onto the ship. The seller is also responsible for export clearance. The buyer takes responsibility as soon as the goods are on board.

CIF – Cost, Insurance And Freight (Costs, insurance and freight to the port of destination)
The seller assumes all costs and risks until the goods have been loaded onto the ship. The seller bears the costs for packaging and postage for export. The seller also takes out insurance against the buyer's risk of losing or damaging the goods during carriage.

DAP – Delivered At Place (delivered named place)
The seller assumes the costs and risks for the transport of goods to an agreed address.

DAT - Delivered at Terminal (delivered terminal)
The seller must make the goods cleared for import available to the buyer at the terminal of the named port of destination at the agreed time.

CPT – Carriage Paid To (freight paid by)
The seller must make the goods cleared for import available to the buyer at the terminal of the named port of destination at the agreed time.

DDP – Delivered Duty Paid (duty paid free)
The seller delivers the goods to a destination at his own risk and expense. He takes care of all the formalities and bears all costs and import duties.

CFR – Cost and Freight (cost and freight)
The seller assumes all costs and risks until the goods have been loaded onto the ship. The seller has to conclude the transport contract and bears the costs and freight for transporting the goods to the named port of destination or import terminal

CIP – Carriage And Insurance Paid To (freight and insurance paid by)
The seller delivers the goods to the carrier or another person named by the seller to an agreed location. The seller bears the costs and risks for the transport to the specified destination, as well as for the freight insurance. The buyer regulates the import handling and import taxation.

FAS – Free Alongside Ship (free alongside ship)
The seller delivers the goods to the carrier or another person named by the seller to an agreed location. The seller bears the costs and risks for the transport to the specified destination, as well as for the freight insurance. The buyer regulates the import handling and import taxation.

Attached Files

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Offers on dried fruit

Apricots, dried, unsulphured, No. 4

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Delivery units

Product and Packaging

Delivery units

Delivery

Incoterms

What are incoterms?

Overview of the incoterms