Dried Fruit

Dried figs: massive gap in export prices

June 2, 2020 4:39 PM, Der AUDITOR
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AYDIN. While exports are once again down on last week, buying interest has reportedly revived. There is, however, no uniform market price.

Warehouse supplies are cheaper

The price gap for dried figs ranges at USD 300-400 per metric tonne in the export market. The thing is that suppliers, who have ample stocks at their disposal, are able to offer cheap rates. Suppliers who, by contrast, rely on free market supplies that are very much limited cannot compete. The prices for large sizes, however, range high as offers are limited. Production estimates will be issued in a few weeks. Only then will it become clear in how far the current adverse weather conditions have a negative impact.

Dried figs, Turkey

Type

USD/mt

EUR/mt

Lerida, no 1

4,850

4,345

Lerida, no 2

4,650

4,166

Lerida, no 3

4,450

3,986

Lerida, no 4

4,100

3,673

FOB Izmir

Decline in exports

Turkey has shipped a total of 58,401 metric tonnes of dried figs and dried fig products overseas since the start of the season, an increase of more than 8,000 metric tonnes over last year. Weekly exports have, by contrast, recently declined from 890 metric tonnes to 385 metric tonnes as compared with last year.

Dried fig exports in mt

Tpe

2019/20

2018/19

While

44,109

38,267

Diced

3,972

3,541

Paste

9,395

7,111

Industrial

537

938

Roasted

25

38

Others

363

372

Total

58,401

50,268

Since the start of the season

 

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price chart, dried figs, Lerida no 2, Turkey
price chart, dried figs, Lerida no 4, Turkey
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