Dried Fruit

Dried figs: export prices about to rise

October 26, 2021 4:51 PM, Der AUDITOR
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AYDIN. Due to the higher farmgate prices and the increased production costs despite the devaluation of the Turkish lira, export prices should also increase soon. Turkish traders expect this to happen as early as next week.

Higher production costs despite weak lira

At present, export prices for Turkish dried figs are still holding at last week's level, but market players firmly believe that this will soon change. Farmgate prices continue to increase and production costs have also risen significantly despite the strong devaluation of the Turkish lira. After the central bank's interest rate cut last week, the Turkish currency had lost about 3% in value and had fallen to a new record low against the euro and the US dollar. The nevertheless higher costs for producers are lik

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