Dried Fruit

Sultanas: export prices defy exchange rates

December 21, 2021 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
May 24, 2022
AYDIN. While excessive heat and dryness impacted Turkey's dried fig production last year, the growers are busy irrigating the trees this year. Summer is particularly decisive for the development of the fruits.
Dried Fruit
May 24, 2022
MALATYA. Conflicting reports over the extent of the damages caused by hailstorms are circulating in the apricot market at present. Traders anticipate higher prices for the new crop. Turkey has stepped up weekly exports.
Dried Fruit
May 24, 2022
MANISA. Encouraging production prospects for raisins and sultanas will impact prices. As weather conditions are ideal the grapes are developing well in Turkey. Exports are also perfoming much better than last year.
Dried Fruit
May 20, 2022
SHIRAZ. Iran’s date palm groves span an area of 240,000 ha and the country ranks third after Algeria and Saudi Arabia in this respect. Growers produce more than 280,000 mt of dates in Fars Province alone. In terms of table date production the country, however, lags well behind leading producer Saudi Arabia.