Dried Fruit

Dried figs: hail and frost damage cause prices to rise

April 29, 2021 11:26 AM, Der AUDITOR
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TEHRAN. Export prices in Iran have risen significantly in the past two weeks. This is due to weather-related damage on the one hand and high domestic demand on the other.

Export value decreased significantly

Iran's fig exports amounted to 14,088 mt worth USD 42.289 million in the period from 20 March 2020 to 20 March 2021. In the corresponding period of the previous season, the values were 13,481 mt and USD 47.022 million, which clearly shows that the export value has decreased noticeably. While two years ago around USD 3.50/kg could be achieved, the average export value this season is USD 3.00/kg. Market players attribute this decline in export value primarily to the significant increase in foreign exchange prices.

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