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Dried apricots: slow start to harvest

June 23, 2020 at 10:23 AM , Der AUDITOR

MALATYA. The first farmers have started harvesting apricots in Turkey with only small volumes arriving in the fresh fruit market. In addition, the weather is a matter of concern.

Not warm enough

The confidence of market operators is waning as regards the quality of this year's dried apricot production. Additional rain showers are to be expected in the coming weeks. Local hailstorms have also been forecast. Conditions wil be anything but good for drying. Problem is that excessive rains may cause the fruit to ferment, thereby making it sour, bitter and more susceptible to insect attacks.

In addition, the fruits are not up to standard. The cloudy weather and unusually low temperatures mean that the fruits have not yet reached the desired degree of ripeness. Ideally, temperatures should range above 30C, but the weather is cooler at present with temperatures ranging at 25-30C. Nighttime temperatures range at 15-20C, which is not warm enough since temperatures above 20C are required to provide ideal growing conditions.

Dried apricots, Turkey
Size	USD/mt	EUR/mt
No 2	3,300	3,016
No 4	3,100	2,705
No 6	2,850	2,528
No 8	2,500	2,217
FOB Mersin, 2,000 ppm

No offers for the new crop

Recent reports stated that dried apricot production is estimated at 104,000 metric tonnes. The adverse weather conditions have, however, unsettled the market and suppliers prefer to wait before issuing offers for the new crop. Meanwhile, more offers for spot purchases of individual varieties are available. Farmgate prices currently range at TRY 4.00 per kg for their fresh apricots in export quality, juice qualities at TRY 2.00 per kg. Turkey shipped 1,258 metric tonnes of dried apricots and dried apricot products overseas last week, around 190 metric tonnes less than this time last year. At 91,037 metric tonnes the total export volume for the season ranges lower than the 93,421 metric tonnes exported last year.

Dried apricot exports in mt
Type	2019/20	2018/19
Whole	77,586	77,276
Industrial	7,218	9,721
Diced	6,233	6,430
Total	91,037	93,427
Since the start of the season

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

Attached Files

price chart apricots dried no 2 Turkey

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price chart apricots dried no 4 Turkey

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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.

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Incoterms

What are incoterms?

Overview of the incoterms