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Figs: Buyers are urged to wait

July 27, 2017 at 9:06 AM , Der AUDITOR
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AYDIN. Traders urge buyers to wait. In the meantime, the International Dried Fruits and Nuts Council has published its latest estimates.

Traders in Turkey reckon that the current price levels are anything but attractive and have urged buyers to wait for the new crop. The current farmgate prices are ranging around 16 TRY/kg. The first offers for dried figs should be available by the middle of August once production can be better estimated.

Dried figs, Turkey

type

USD/mt

EUR/mt

Lerida, no 2

5,600

4,812

Lerida, no 3

5,550

4,769

Lerida, no 4

5,500

4,726

Lerida, no 5

5,300

4,554

FOB Izmir

 

Global production is set to drop

The preliminary estimates of the International Dried Fruit and Nuts Council see the dried fig production in Turkey at 72,000 mt - basically the same as last year. Contrary to this, global production is expected to decrease by 2.7% to 128,000 mt.

Turkey has so far exported more than 58,000 mt of dried figs this season, 6.6% less than last year (Oct-Jul 2015/16; 62,195 mt).

Figs, dried in mt

country

2017/18*

2016/17

Turkey

72,000

72,000

Iran

18,000

22,000

Afghanistan

9,000

7,000

USA

8,000

9,000

Greece

7,500

7,500

Spain

6,000

5,500

Italy

4,000

3,500

others

3,500

5,000

total

128,000

131,500

INC                                       *estimate

 

 

Attached Files

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Dried figs no 2 price chart

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