Farmers continue to sell to the TMO
According to market players, the market is currently rather quiet. Farmers still prefer to sell their raw materials to the TMO instead of the free market, as the state organisation can offer higher prices. On the Izmir Commodity Exchange, sultanas, type 9 are quoted at a level of TRY 11.50/kg, which is about TRY 1.50/kg less than the TMO bid.
The weaker Turkish lira is causing prices to fall further for foreign buyers. For prompt shipments, exporters are currently asking for prices of USD 1,600/mt FOB Izmir for sultanas, t