Farmgate prices on the rise
The TMO stopped buying from producers at the start of last week. A fortunate stroke of luck for the state-run organisation as the recent depreciation of the Turkish lira to new lows against the euro and US dollar caused farmgate prices to rise by TRY 1.50/kg. Quotations for type 9 sultanas have climbed to TRY 14.50/kg at the Izmir Commodity Exchange and in the free market.
Although a high degree of uncertainty prevails in the market, export prices have mainly remained firm since last week. The prices for a grade type 9 sultanas, f