Dried Fruit

Dried figs: traders stop selling

May 25, 2020 at 12:22 PM, Der AUDITOR
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TEHRAN. The closure of borders due to Covid-19 and the uncertainty governing the market has prompted trading activities to come to a stop in Iran. Dried fig exports to China declined by 10% in March. Many shipments are stuck behind borders.

Prices expected to rise

At present, it is unclear how long borders will remain shut. Some countries may, however, open their borders to a limited extend if infection figures permit this. Prices have declined by EUR 0.05-0.09 per kg over the last two weeks, depending on variety. The decline is attributed to the devaluation of the Iranian rial, which has sparked hopes that traders in Iran may be able to compete with traders in Turkey. Market players, however, also state that a lack of supplies has driven up prices in the domestic market. If the exchange rate remains stable, prices as therefore expected to rise until the harvest season starts in August.

 

Dried figs, Iran

Type

EUR/kg

Grade A

3.91

Grade AA

4.76

Grade AAA

5.71

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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