Price: €11.00
Member Price: €0.00

Sultanas: export prices defy exchange rates

December 21, 2021 at 12:27 PM , Der AUDITOR
Play report as audio

MANISA/TEHRAN. The Turkish sultana market adjusts to the currency losses, so there is hardly any change for foreign buyers compared to last week. In contrast, the Iranian raisin market experiences noticeable price corrections.

Lira continues to lose value

Last Thursday, Turkey's central bank cut its key interest rate by 100 basis points to 14%. In December, the central banks of 55 countries worldwide, including the European Central Bank, announced interest rate decisions. 14 of them raised interest rates, while 40 countries left rates unchanged. Turkey was the only country to cut interest rates. The depreciation of the Turkish lira accelerated significantly following the rate cut.

Market players state that it is impossible to see where the devaluation of the Turkish

View related articles

Go to the News Overview
Dried Fruit
Jul 1, 2025
AYDIN. Temperatures of up to 40°C prevail in Aydin. The market remains calm and the focus is on the development of the coming crop.
Dried Fruit
Jul 1, 2025
MANISA. It will remain hot in Manisa this week. In the Sarıgöl region, the table grape harvest will begin in July. Trading activity remains modest.
Dried Fruit
Jul 1, 2025
MALATYA. Much to the displeasure of buyers, some Turkish apricot exporters have increased the prices in their existing contracts. These had been concluded before the massive frost damage. Temperatures in Malatya are expected to cool down slightly in the coming days.
Dried Fruit
Jun 24, 2025
MALATYA. Turkey’s fresh apricot production has taken a 65% hit this year. Producers are in a dangerous economical position. Climate change spells disaster for Malatya’s crop. The war in Iran will further drain supplies for dried apricots.