Dried apricots: rise in prices expected
May 19, 2020 at 12:46 PM ,
Der AUDITOR
investigations are ongoing
There are no official estimates for the new crop yet, but a commission under the coordination of the State Directorate of Agriculture and Forestry has started its investigations to estimate the new crop. Market players indicated that the expected estimates will be about 80,000-100,000 metric tonnes. Optimistic voices had originally predicted a result of up to 150,000 metric tonnes. Although there was hardly any frost damage, this spring's weather did not offer the best conditions for the trees, as persistent rainfall in April hindered the treatment of fruit plantations with pesticides. Meanwhile, market players do not expect any significant over-stocks at the end of this season, especially for goods in export quality. Therefore, declining prices are not to be expected for the time being; instead, traders are preparing for a higher price level.
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Dried apricots, Turkey |
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Size |
USD/mt |
EUR/mt |
|
No 2 |
3,150 |
2,886 |
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No 4 |
2,850 |
2,611 |
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No 6 |
2,650 |
2,428 |
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No 8 |
2,350 |
2,153 |
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FOB Mersin, 2,000 ppm |
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Stable export prices
As market players report, exporters have been buying heavily in the market last week. It will be about three months before the new crop is available, so suppliers want to stock up for the rest of the time on the one hand and make provisions on the other hand, as production could turn out smaller than last year. After last week's price increases, export prices have stabilized for the time being. In comparison with the same period last year, around 400 metric tonnes less dried apricots and dried apricot products were shipped overseas last week, so that total exports this season are now just under 2,000 metric tonnes behind at 85,565 metric tonnes.
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Dried apricot exports in mt |
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Type |
2019/20 |
2018/19 |
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Whole |
72,970 |
72,049 |
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Industrial |
6,872 |
9,306 |
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Diced |
5,722 |
5,880 |
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Total |
85,565 |
87,235 |
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Since the beginning of the season |
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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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