Dried Fruit

Sultanas: crop forecast not before early May

April 14, 2020 8:48 AM, Der AUDITOR
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MANISA. While TMO prices for popular sultana types are rather unattractive, market players report that a total of 600 mt...

...of type 7 sultanas were traded on the Izmir commodity exchange at prices of TRY 9.50 per kg. For comparison: last week, farmgate goods were traded on the stock exchange at a level of TRY 7.55 (type 8) and TRY 9.70 (type 9) per kg.

Compared to the previous weeks, spot purchases have declined again and exporters are primarily busy handling call-offs from long-term contracts. Since the beginning of the season a total of almost 170,000 metric tonnes of sultanas and raisins have been exported from Turkey, about 10,000 metric tonnes or 6% less than last year. While the average export price has risen, the weekly export price, which is currently at USD 2.02 per kg, is almost USD 0.13 per kg below last year's level. 

Seedless dried raisin exports, Turkey

Season

mt

avg USD

avg EUR

2019/20

169,847

2,075

1,898

2018/19

179,596

1,967

1,799

Since the beginning of the season

Positive expectations

Frost and hailstorms are well-known weather phenomena in Manisa at the end of April, but current predictions do not suggest this. Generally, market players expect a good crop under the current conditions, but crop estimates will probably not be made until the beginning of May. Due to the high volatility of the Turkish Lira, export prices will remain unchanged at the level of recent weeks for the time being.

Sultanas, Turkey

Type

USD/kg

RTU grade, Type 8, medium

1.75

Grade A, Type 9, STD

1.77-1.80

Grade A, Type 10, STD

1.85-1.95

Organic, Grade A, Type 9

2.50-2.60

FOB Izmir

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price chart, sultanas, type 9, Turkey
price chart, sultanas, type 10, Turkey
price chart, organic sultanas, type 9, standard, Turkey
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price chart sultanas, grade A, type 10, standard
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price chart sultanas, grade A, type 9, standard

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