Dried Fruit

Dried apricots: Ramadan boosts sales

April 14, 2020 8:54 AM, Der AUDITOR
Play report as audio

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

Attached Files

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

View related articles

Go to the News Overview
Dried Fruit
Nov 25, 2021
TEHRAN. Iranian exporters are keeping a close eye on possible changes in the law that could even completely stop the export of agricultural products. They already had to deal with such problems in 2018.
Dried Fruit
Nov 24, 2021
TEHRAN. High demand meeting low stocks is pushing barberry prices in Iran up by more than 15%. Farmers have opted for an early start to the harvest as upcoming frost concerns them.
Dried Fruit
Nov 23, 2021
AYDIN/REUS. According to current INC estimates, Turkey is recording a production decline of a good 12% in the current season. Nevertheless, the country remains the undisputed leader in dried fig production.
Dried Fruit
Nov 23, 2021
MALATYA. The recent decisions of the Turkish Central Bank have had an impact on both commodity and export prices and as the latest INC data show, Turkey is still the most important producing country this season.