Dried Fruit

Raisins: demand is a disaster

April 15, 2021 12:02 PM, Der AUDITOR
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MALAYER. Annual raisin production ranges at 45,000 mt in Malayer in Iran’s Hamadan province. As many as 35,000 mt of sultanas are exported from here to about thirty countries around the world every year. Although export prices could hardly be more attractive, suppliers report that demand has been a disaster this season.

High stocks weigh on market

Issue is that the pandemic has weighed on domestic demand and driven up supplies. Growers are said to still hold around 10,000 mt of sultanas in their warehouses with no customers in sight. These supplies are also adding pressure the export market. Due to the sanctions in place financial transactions also require intermediaries, meaning that exporters largely depend on brokers and local currencies. The weak Iranian rial has added further pressure to prices throughout the season.

Prices decline further


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