Dried Fruit

Dried figs: trading activities remain disrupted

March 30, 2020 2:56 PM, Der AUDITOR
Play report as audio

TEHRAN. Market players in Iran reckon that the coronavirus outbreak will prompt a 20% decline in export volume and a 50% decline in export value. One of the main issues are the restrictions on traffic at the borders. The spread of the virus also has a massive impact on demand for dried figs.

Diverse situation at the borders

The situation at the borders is different in every country with restrictions in place on exports and on imports. When passenger traffic is prohibited it is also impossible for drivers to enter another country meaning that goods need to be frequently exchanged at the borders. Base on the Trade Promotion Organization of Iran it can be stated that the trading is currently active at the norther Borders, whereas the southern borders are closed. The following overview can be given:

  • - Despite some restrictions on traffic in some of the ports, including the Sultan Qaboos Port, the borders to Oman are nearly completely open.
  • - Kuwait has nearly banned the supply of goods and passengers.
  • - Qatar has banned the supply of food but permits minerals.
  • - Although trading is underway with the United Arab Emirates, restrictions apply.
  • -Foodstuff is being transported by rail through the Sarakhs border to Turkmenistan. The Inchebron border will, however, remain closed until 1st April.
  • - The transit route is open to Azerbaijan.
  • - Restrictions apply in Armenia. Iranian visas are to be cancelled. Some commodities can, however, be traded and transited through the Maghri border.
  • - Goods are only slowly transferred in Kazakhstan and Russia.
  • - At the borders in Afghanistan there are problems with issuing visas to Afghan truck drivers, apart from this there are no restrictions.
  • - At the border with Turkey, only agricultural goods are being exported by Turkish trucks at the Sero border in Orumiyeh. Freight traffic by rail is possible at the Khoy-Razi border. Iranian and Turkish trucks can return to their country of origin at the Bazargan-Maku border.
  • - Pakistan has closed all borders with Iran.

 

No disruptions are being reported at the ports in Iran’s north and south. Trade in the southern Iranian ports to Kuwait and the Untied Arab Emirates has, however, stopped and Qatar only accepts refrigerated vessels.

Domestic demand drives up prices

The New Year celebrations in Iran and guidelines recommending the consumption of dried fruit have driven up demand in the domestic market. Prices have risen by 2-3% over the last two weeks. Nevertheless, it should be noted that domestic demand is much lower than last year.

 

Dried figs, Iran

Type

EUR/kg

Grade A

3.68

Grade AA

4.48

Grade AAA

5.35

FOB Iran

 

View more information

price chart, figs, dried, no 2, Lerida
price chart figs, dried, no 4, Lerida
more price charts

View related articles

Go to the News Overview
Dried Fruit
Jan 19, 2022
MANISA/CAPE TOWN. In Turkey, farmers continue pruning vines despite the adverse weather conditions. Meanwhile, in South Africa, sultana production is starting and the outlook is for a significant increase in yields compared to last year.
Dried Fruit
Jan 18, 2022
TEHRAN. A quarter of this year's Iranian date production is to be exported; this is expected to generate high foreign exchange earnings. However, exporters are confronted with demanding standards.
Dried Fruit
Jan 18, 2022
AYDIN. In the Turkish dried fruit market, the supply of export quality goods is visibly shrinking, but demand is also weakening. Exporters focus on processing current contracts while prices maintain their upward trend.
Dried Fruit
Jan 18, 2022
MALATYA. Export prices have fallen slightly compared to last week, but as the new crop is not available for another eight months, market players fear that new record highs could be reached in the course of the year. South African goods only pose competition in terms of price.