Dried Fruit

Dried figs: limited supplies due to pandemic

May 11, 2020 8:55 AM, Der AUDITOR
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ESTHABAN. Iran’s dried fig production hub, Esthaban, has witnessed a marked rise in exports. Nevertheless, the coronavirus is taking its toll on the market.

Rise in exports in Estahban

While 9,206 metric tonnes were shipped overseas in 20 March 2018-20 March 2019, this figure rose sharply by 49% to 13,737 metric tonnes in the same period in 2019/2020 as official customs data suggests. The rise in exports is attributed to resolved problems in customs, the reduction of export tariffs for dried figs and the creation of export capacities in Eurasia. A rise in production naturally also contributed to the increase in exports.

Decline in supplies drives up prices

Export prices have risen in Iran. Since many have lost their jobs and factories have had to shut due the pandemic market supplies have declined. Due to Ramadan more dried figs are in addition being offered in the domestic rather than in the export market. Export prices have risen by EUR 0.16-0.34 per kg over the last two weeks.

 

Dried figs, Iran

Type

EUR/kg

Grade A

3.96

Grade AA

4.81

Grade AAA

5.80

FOB Iran

 

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price chart, figs, dried, grade A, Iran
price chart figs, dried, grade AA, Iran
price chart, figs, dried, grade AAA, Iran
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