Small price adjustments
Demand for Turkish sultanas remains sluggish as prices are too high. This has prompted some exporters to go down a bit in price in the hope of boosting sales. The cheapest offers for type 9 sultanas range at USD 2,400/mt FOB Izmir for prompt shipments and at USD 2,500/mt for longer-term contracts, which were recently quoted at USD 2,650/mt FOB Izmir.
Opinions are divided over what way the market will turn. While some expect further hikes in raw material prices due to the sharp decline in production, others reckon that prices will drop