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Sultanas: production at risk

January 6, 2021 at 12:20 PM , Der AUDITOR
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MANISA. Turkey reinstated a four-day lockdown over New Year to curb rising Covid-19 infection rates. Inflation is also driving the economy. In Turkey’s raisin market the prevailing weather conditions are a matter of concern. They may very well have a devastating impact on the vineyards.

Disaster may strike

Turkey has just emerged from a four-day lockdown, which lasted from 31 December till 4 January. Covid-19 infection rates are high, and hopes are that the lockdown will show an effect in two weeks. Inflation is also driving the economy. Estimates vary widely. While Turkey Statistical Institute (TurkStat) estimates the annual inflation for 2020 at 14.6%, Turkey’s central bank increased estimates to 12.1% in October.

Market players report that the TMO has not issued any statements on its intention to continue to buy raisins in January.

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