Exporters go full throttle
The Turkish Central Bank (CBRT) cut the key interest rate by 100 basis points to 15% last week. As a result, the Turkish lira reached a new record low. Market players are looking nervously to the future, as further cuts are also said to be planned for next month. Since September, the key interest rate has already been cut by 400 basis points.
In view of this, some exporters have reduced their prices for sultanas, type 9 to USD 1,500-1,550/mt FOB Izmir. Prices for sultanas, type 10 as well as organic sultanas rem