Slump in exports
Demand is sluggish for dried fruits from Turkey. Dried sour cherry traders had certainly hoped for better sales as last season was quite good. September exports, in fact, hit a low of 250 kg worth USD 5,558 as opposed to last year's 3,000 kg worth USD 40,727. Trouble are the current economic uncertainties and the energy crisis in Europe. This has prompted Germany to cut imports. Turkey in fact only shipped as little as 250 kg of dried sour cherries to Germany between 01 August and 13 October, which is a sharp cut on the 21,144 kg shippped in the same period last year.
Russia is the leading producer by far as this year's production is estimated at 254,800 kg. Turkey is next in line with production ranging at 189,184 kg, followed by Ukraine with 174,630 kg, Serbia with 165,738 kg and Poland with 153,100 kg. The export prices for the new crop declined in Turkey at the start of August and presently range at USD 9.00/kg Izmir.