Yields 30% lower than last year
Farmers in Turkey report that yields range around 30% lower than last year, whereas production costs have risen sharply. Hoping that prices will climb to TRY 100-120/kg by the end of the year they are holding back supplies. Yet, it should be noted that exporters have stopped stocking up as it is not profitable to store sultanas, which are becoming more and more expensive, without sufficient financial means.
Conventional type 9 sultanas are trading in a range of TRY 55-57/kg, type 10 at TRY 58-60/kg and organic type 9 sultanas