Dried Fruit

Sultanas: export prices decline due to weak exchange rate

November 23, 2021 at 12:04 PM , Der AUDITOR
Play report as audio

MANISA/REUS. With the new cut in the key interest rate, the Turkish lira lost further in value, which is also reflected in the export prices for Turkish sultanas. Exporters are working at full speed to supply their foreign customers before the Christmas holidays. The INC expects global sultana production to increase by 3.3%.

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

View related articles

Go to the News Overview
Dried Fruit
Jul 16, 2024
AYDIN. The figs in the Turkish province of Aydin are developing well, with the warm temperatures allowing the fruit to ripen quickly. However, a sudden change in the weather could have negative consequences for yields.
Dried Fruit
Jul 16, 2024
MALATYA. The start of the 2024/25 season is imminent and Turkish dried apricot exporters are making their first offers for the new crop. There was some rainfall in Malatya, but it did not cause any major damage.
Dried Fruit
Jul 16, 2024
MANISA. Tariş will issue a purchase price for the new crop at the start of August. As least year's production was rather disappointing for raisins and sultanas exports are lagging behind in terms of volume but have risen sharply in terms of value.
Dried Fruit
Jul 10, 2024
QUÉBEC. After a rather disappointing year, experts are forecasting an increase in the production of dried cranberries for the 2024/2025 season. Meanwhile, EU imports have fallen by 40% this year.