Dried Fruit

Sultanas: hazards during the drying phase

July 21, 2020 9:00 AM, Der AUDITOR
Play report as audio

MANISA. Contrary to previous expectations, the harvest will probably start on time after all. However, market players do not trust the weather, little sunshine and rain could cause problems, especially during the drying phase.

Official impulses are missing

Now that the weather has improved again, market players are confident that the grape harvest for sultana production can begin as usual by mid-August at the latest. However, the unsettled weather of recent months is fuelling concerns that problems could arise during the drying phase. A possible surplus of darker type 8 sultanas would probably be the least of the problems.

There is still no official statement. For the time being, the Aegean Exporters Association's forecast of 300,000 metric tonnes is considered a guideline, while farmers speak of only 250,000 metric tonnes. In addition, there is said to be a surplus of 30,000-50,000 metric tonnes from the current season. At the same time, it is still unclear when and at what prices the TMO will buy - or whether there will be intervention buying this year at all.

Old and new crop are converging

Market players have started to offer the same prices for both spot offers and new crop. Sultanas, type 9, are currently slightly cheaper than last week at USD 1.60-1.70 per kg FOB Izmir. Good spot demand for organic sultanas caused farmgate prices to rise from TRY 11.50-12.00 per kg to TRY 13.00 per kg, which is why buyers must expect higher prices for the time being even with offers from the new crop.

Sultanas, Turkey, 2019/2020 crop

Type

USD/kg

RTU grade, Type 8, medium

1.60

Grade A, Type 9, STD

1.60-1.70

Grade A, Type 10, STD

1.80-1.95

Organic, Grade A, Type 9

2.60-2.65

FOB Izmir

Weekly exports remain stable

Turkish dried fruit exporters have shipped 223,444 metric tonnes of sultanas and raisins overseas since the start of the season. The year-on-year export volume is significantly lower than last year, while weekly exports are surprisingly stable at around 3,700 metric tonnes.

Sultana exports, Turkey

Season

mt

avg USD

avg EUR

2019/20

223,444

2,062

1,803

2018/19

232,047

2,028

1,773

since the beginning 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

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

View related articles

Go to the News Overview
Dried Fruit
Jan 19, 2022
MANISA/CAPE TOWN. In Turkey, farmers continue pruning vines despite the adverse weather conditions. Meanwhile, in South Africa, sultana production is starting and the outlook is for a significant increase in yields compared to last year.
Dried Fruit
Jan 18, 2022
TEHRAN. A quarter of this year's Iranian date production is to be exported; this is expected to generate high foreign exchange earnings. However, exporters are confronted with demanding standards.
Dried Fruit
Jan 18, 2022
AYDIN. In the Turkish dried fruit market, the supply of export quality goods is visibly shrinking, but demand is also weakening. Exporters focus on processing current contracts while prices maintain their upward trend.
Dried Fruit
Jan 18, 2022
MALATYA. Export prices have fallen slightly compared to last week, but as the new crop is not available for another eight months, market players fear that new record highs could be reached in the course of the year. South African goods only pose competition in terms of price.