Dried Fruit

Raisins: volatile market

May 12, 2020 9:15 AM, Der AUDITOR
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MALAYER. Ramadan and the impact of the measures to limit the spread of the coronavirus have left their mark on Iran’s raisin market. Prices are highly volatile.

 

Malayer exports rise by 18%

The official customs figures in Malayer illustrate that the region exported sultanas, golden and sundried raisins worth USD 25.5 million to around 27 countries between 20 March 2019 and 20 March 2020. This is a rise of 18% over the same period two years ago. Raisins account for more than half of the region’s exports. Malayer shipped around 21,000 metric tonnes of raisins overseas last year (20 March 2019-20 March 2020), which is a 12% rise over the same period two years ago. Market players are confident that the trend will continue this year. The region’s annual raisin production ranges at 45,000 metric tonnes.

Low supplies drive up prices

Since many factories and warehouses were forced to close for several weeks, supplies have run low in Iran. Ramadan has, in addition, caused domestic demand to rise nominally. Prices have therefore risen over the last two weeks, especially for golden and for green raisins, which are trading EUR 0.27 per kg and EUR 0.31 per kg higher. A more moderate increase was witnessed for sundried raisins (EUR 0.08 per kg) and for sultanas (EUR 0.09 per kg).

 

Raisins, premium grade, Iran

Type

EUR/kg

Sundried

1.63

Sultanas

1.43

Golden

1.68

Green

1.93

FOB Iran

 

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