Farmgate prices are up
Traders are in a hurry to buy sufficient supplies to meet their contracts before the export season starts. This is not exactly easy as official production estimates still have to be issued. They, therefore, have no facts at their disposal to negotiate with the farmers, who are demanding high prices.
Conventional no 1 Lerida dried figs are trading at USD 7,050/mt FOB Izmir and no 3 at USD 5,950/mt FOB Izmir. Organic dried figs are trading around USD 100/mt higher than convential ones. Prices may certainly rise further.