Dried Fruit

Figs: The bubble is about to burst

February 9, 2017 at 10:28 AM , Der AUDITOR
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AYDIN. The most recent export figures from Turkey give no reason to celebrate. Market participants agree that the market is at the crossroads.

Drop in exports

Turkey has so far exported almost 37,000 mt of dried figs this season, almost 7% less than last year. One reason for this drop are the comparatively high prices. February’s price level is considerably higher than last year.

 

Dried fig exports in mt

type

2016/17

2015/16

whole

31,917

33,331

diced

2,327

2,695

paste

2,720

3,688

total

36,963

39,714

since the beginning of the season

Drop in prices

The lack of demand has caused the raw fig prices to again drop from 12.00 TRY/kg to a level of 9.75-10.50 TRY/kg. Export prices have also dropped now. This development took market participants by surprise. Low supplies had led them to expect price hikes.

Dried figs, Turkey

Type

USD/mt

EUR/mt

Lerida, No 2

4,950

4,639

Lerida, No 3

4,700

4,405

Lerida, No 4

4,300

4,030

Lerida, No 5

4,200

3,936

FOB Izmir

 Please find attached the price chart.

Attached Files

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figs price chart

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