Dried Fruit

Sultanas: exporters hold back

August 18, 2020 at 9:25 AM, Der AUDITOR
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MANISA. Market players in Turkey are still waiting for crop estimates and TMO prices to be issued. Exporters are forced to hold back with issuing reference prices.

Rumours persist

Traders in Turkey are still waiting for the TMO to issue base prices for the new crop. Harvesting is underway and unofficial crop estimates range at 280,000 mt. Most exporters are still holding back and even refuse to respond to enquiries for reference prices. The few prices issued range at USD 1,775-1,850/mt FOB Izmir for type 9 sultanas. Carry in volumes are expected to range low. Rumours on crop size and TMO prices that are circulating in the market should be treated with caution. Definite prices will only be released in two to three weeks.

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