Dried Fruit

Sultanas: prices issued for new organic crop

June 23, 2020 11:45 AM, Der AUDITOR
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MANISA. The weather leaves a lot to be desired in the growing regions. Heavy rains, hailstorms and cold temperatures...

... are unfavourable for the development of the fruit and render it difficult to provide definite estimates for the new crop.

Despite this, individual offers have been issued for sultanas from the new crop. The reference prices for organic type 9 sultanas, for instance, currently range at USD 2,375 per metric tonne CFR Hamburg. The prices for spot purchases have remained firm. Due to exchange rate fluctuations they range on a similar level as in June 2018.

Weekly exports similar to last year's level

At 4,084 meric tonnes, last week's export volume is comparable with the same period in 2019. In total only 207,581 metric tonnes have, however, been exported since the beginning of the season, a year-on-year decline of more than 9,000 metric tonnes.

Sultana exports, Turkey

Season

mt

Avg USD

Avg EUR

2019/20

207,581

2,067

1,833

2018/19

216,454

2,012

1,785

Since the start of the season

TMO should not resell sultanas

Last week, the exporters in Turkey held a meeting by telephone and discussed in how far the TMO may intervene in the market in 2020/2021. Although the state-run organistion is not expected to conduct purchases at the very beginning of the season, an intervention is deemed highly probable at a later point. In contrast ot last year, products will also be directly purchased from the farmers rather than at the commodity exchanges.

The Aegean Dried Fruits Exporters' Association would like to see the TMO providing support to the sultana market. In addition, the possibility of the TMO not returning purhcased volumes to the market but rather donating to social projects, for example as healthy snacks for schoolchildren is also being discussed. Exporters therefore do not reckon that prices will decline in the domestic market for the time being and, therefore, refuse to go down in price.

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price chart, sultanas, type 9, Turkey
price chart, sultanas, type 10, Turkey
price chart, organic sultanas, type 9, standard, Turkey
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price chart sultanas type 10 Turkey
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price chart sultanas type 9 Turkey

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