Dried Fruit

Sultanas: exchange rate fluctuations impact export prices

October 6, 2020 9:51 AM, Der AUDITOR
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MANISA. As much as 50,000 mt of sultanas have been registered at the Izmir Commodity Exchange in Turkey. This volume comprises all sales, regardless of whether the buyer...

... is a trader or the TMO. Daily turnovers range at 140-400 mt. Type 7 sultanas have most recently been quoted at TRY 11.00-11.25/kg, down on last week's TRY11.30/kg. Tariş has purchased type 8 sultanas on behalf of the TMO with bid prices ranging at TRY 12.00/kg.

Market players report that exports are taking place at full capacity. The decline in value of the Turkish lira has, however, pushed down the prices for type 9 sultanas to USD 1.675-1.750 USD/mt FOB Izmir. A rise in farmgate prices is possible in the due course of the season. Much will, however, depend on the exchange rat

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