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Impending panic in the market for apricots?

January 26, 2017 at 11:47 AM , Der AUDITOR
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MALATYA. Turkish apricot farmers are uncertain in the face of continuous high availability of dried apricots. Which are the consequences for the market?

Impending panic in the market for apricots?
MALATYA. Turkish apricot farmers are uncertain in the face of continuous high availability of dried apricots. Which are the consequences for the market? Prices have remained stable for dried apricots compared to last week, which was a change after the steady decline since the beginning of the new year. Currently prices for raw goods are at 6-8 TRY/kg.

Things might change 
Market participants report that there is little new demand. They do not expect much trade activity before February, when buyers will want to profit from good prices before the risk of frost which might drive prices to soaring hights in spring. Until then a further decline in prices cannot be ruled out since there is still sufficient raw material available. Without frost the season will run an interesting course in which the exchange rate development of the Turkish Lira will remain important.  

Dried apricots, Turkey

Size

USD/mt

EUR/mt

Nr. 2

2,900

2,695

Nr. 4

2,850

2,649

Nr. 6

2,800

2,602

diced, 5x8 mm

2,100

1,952

FOB Mersin

  
Win a few and lose a few
In total Turkish exporters have delivered almost 43.000 mt of dried apricots to foreign countries in the months between the beginning of the season and the end of the year – an amount, after all, of 6,8% above the preceding year. While the main buyers in the USA reduced imports by 21% France and Germany increased their import volume during the same period by 14% and 7,2% respectively.

Exports of apricots, Turkey 2016/17

Country

2016

2015

Diff. Vj.

USA

5,400

6,873

-21.44%

France

3,672

3,223

13.93%

Germany

3,109

2,900

7.22%

U.K.

2,530

2,535

-0.17%

Brasil

2,420

1,466

65.05%

Russia

2,301

4,195

-45.16%

Australia

2,217

1,675

32.36%

Poland

1,962

1,239

58.30%

Belarus

1,315

411

219.74%

Spain

1,311

1,151

13.90%

others

16,562

14,397

15.04%

total

42,799

40,067

6.82%

Source: Aegean Export Union

Black Sea Export Union

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Price chart dried apricots
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