Price surge in Turkey
Cold weather in spring last year impacted Turkey's mulberry crop. As fresh mulberry production declined by 40-50% dried mulberry production fell from 8,000 mt in 2021 to 4,000 mt in 2022. While industrial buyers purchased around 50% of this volume, only around 2,000 mt were sold in the trading market. Producers and local traders have nearly sold their entire supplies and the exporters now hold the largest volumes.
These developments prompted the local prices for dried mulberries to more than double from TRY 40/kg at the start of the sea