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Figs: Traders are stocking up

May 12, 2017 at 3:39 PM , Der AUDITOR
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AYDIN. In view of the poor quality of the 2016 dried fig production, Turkish traders are stocking up with the remaining commodities, so that there are hardly any more available quantities on the market.

Compared to other dried fruit such as apricots and sultanas, the export of dried figs only starts at the beginning of October due to the later harvest. The stocks should allow Turkish suppliers to deliver dried figs to their customers already at the overall start of the season on September 1st. Due to increasing shortage, market players suspect that there could be a price increase of up to 500 USD/mt during the further course of the season. 

Dried figs, Turkey

Type

USD/mt

EUR/mt

Lerida, No. 2

5,600

5,142

Lerida, No. 3

5,450

5,005

Lerida, No. 4

5,350

4,913

Lerida, No. 5

5,250

4,821

FOB Izmir

Whole figs surprisingly constant
Not even 1,000 mt of dried figs were exported from Turkey last week. While the total exports compared to last year dropped by about 5%, the export volume for whole dried figs was able to remain relatively constant with a decrease of just 0.7%.

Export of dried figs in mt

Type

2016/17

2015/16

Whole

43,664

43,956

Diced

3,354

3,924

Paste

4,642

6,451

Total

51,660

54,332

Since the beginning of the season

Attached Files

File icon
Price Chart Figs, dried, No. 2

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