Dried Fruit

Sultanas: good exports but few sales

May 12, 2020 11:30 AM, Der AUDITOR
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MANISA. Exports continue at a high level, but new sales hardly take place. Overall the market is very quiet, especially compared to last week.

Weekly exports have increased

The weekend curfews introduced in 24 major Turkish cities as a measure against the spread of coronavirus will continue next weekend. The regulation will be in effect from 16 to 19 May, which is a public holiday in Turkey. However, the travel bans and curfews have already been relaxed in nine provinces so far, as the measures are working well. In addition, hairdressers and barbers as well as shopping centres have reopened this week.

The commodity exchange in Izmir is still open two days a week only. After the TMO increased their commodity prices last week, the farmers hoped to sell their goods for TRY 10 per kg or even more. They were disappointed, however, because exporters are not buying much farmgate goods due to a lack of demand from abroad. Due to the Ramadan celebrations, the market is expected to remain rather quiet until the end of next week. The Turkish Lira continues to decline in value, although not as severely as last week.

Sultanas, Turkey

Type

USD/kg

RTU grade, Type 8, medium

1.68

Grade A, Type 9, STD

1.70-1.75

Grade A, Type 10, STD

1.85-1.95

Organic, Grade A, Type 9

2.60-2.65

FOB Izmir

No demand, but exports continue

Market players report that demand has declined massively and this situation is not expected to change until after Ramadan. Export prices are therefore at the same level as last week. Crop estimates are currently similar to last season, but disease infestation of the vines or bad weather conditions could still cause significant changes. Last week Turkey exported 4,046 metric tonnes of sultanas, compared to only 3,830 metric tonnes in the same period last year. Since the beginning of the season a total of 186,379 metric tonnes has been shipped overseas, compared to 195,186 metric tonnes in the same period last year.

Seedless dried raisin exports, Turkey

Season

mt

avg. USD/mt

avg. EUR/mt

2019/20

186,379

2,071

1,915

2018/19

195,186

1,987

1,835

since the start of the season

View more information
price chart, sultanas, type 9, Turkey
price chart, sultanas, type 10, Turkey
price chart, organic sultanas, type 9, standard, Turkey
more price charts

Attached Files

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price chart sultanas, grade A, type 10, standard
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price chart sultanas, grade A, type 9, standard

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