Dried Fruit

Sultanas: price reductions are unlikely

October 27, 2021 10:13 AM, Der AUDITOR
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MANISA. Buyers are hoping for declining sultana prices due to the significant devaluation of the Turkish lira. However, market players disagree and even see a short-term price increase approaching. Exports are at a similar level as last year.

High production costs support prices

The chaos in the Turkish financial market and the devaluation of the Turkish lira are fuelling hopes among buyers that export prices will fall, even if the lira has meanwhile regained some of its footing. Other market players, however, think this is out of the question; the increased production costs would eventually have to be compensated and the buyer side would have to prepare for rising prices sooner or later instead. The trading markets are still quiet, while the TMO has meanwhile bought an estimated 40,000 mt of sultan

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