Suppliers fail to pass on exchange rate fluctuations
Trading is in full swing in Turkey. While the farmgate prices for type 7 sultanas range at TRY 10.80-11.50/kg, type 8 sultanas are trading at TRY 12.00/kg. The state-run organisations, TMO and TariÅ, continue to buy, meaning that only small volumes should remain with the farmers in the second half of the season. Buyers will most certainly have to prepare for higher export prices.
Despite the continued depreciation of the Turkish lira, export prices have remained firm at USD 1,630-1,675/mt FOB Izmir. Suppl