Dried Fruit

Sultanas: freight charges on the rise in Turkey

January 25, 2022 9:41 AM, Der AUDITOR
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MANISA. Winter conditions prevail in Turkey. The central bank has, fortunately, left the key interest rate untouched this month. Capacities are lacking in the export market, which is driving up the prices for sultanas.

Subdued spot market demand

As Turkey's central bank desisted from changing the key interst rate last week the lira has remained relatively firm. Inflation has risen by 36% in Turkey in recent months to a 19-year high. Cold weather, frost and snow prevail in the country at present, whereas trading is rather subdued. At USD 1,500/mt FOB Izmir the prices for prompt shipments may range around USD 100/mt lower than for longterm contracts but buyers are showing little interest. The prices for organic type 9 sultanas have decline a bit since last week and range at USD 2,20

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