Dried Fruit

Sultanas: similar prices for the new crop

June 30, 2020 11:28 AM, Der AUDITOR
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MANISA. Although the TMO has set higher bid prices for June, the farmgate prices for type 9 sultanas still...

... range below TRY 10 per kg. Trading is also largely subdued at the commodity exchanges.

Turkey's weekly exports currently range at 4,000 mt. They are driven by long-term contracts and occasional spot purchases and are expected to continue at this pace until the end of the season. Prices should remain relative firm over the next few weeks. With prices of USD 1.70 per kg FOB Izmir the new crop is trading in a similar price range as last year's crop. Many buyers are not really interested in long-term contracts at present.

Sultanas, 2020 crop

Type, origin

Price

Grade A, Type 9, Iran, DAP DE

EUR 1.50/kg

Grade A, Type 9, Turkey, CFR Hamburg

USD 1.73/kg

RTU, Type 9, China, CIF Hamburg

USD 1.50/kg

Trade sources

Global production to range at 1.3 million metric tonnes

With temperatures as high as 40C the weather is providing idal conditions for the vines in Turkey. Less optimistic reports disregarding, the INC estimates Turkey's production at 300,000 metric tonnes. Although yields should be similar to last year, the next few weeks will prove decisive for production. Global seedless dried raisin production is set to reach 1.3 million metric tonnes in 2020/2021. While smaller yields are expected in the US and China, production is set to rise in Iran and in India.

Sultana/raisin production in mt

Country

2019/20

2020/21

Diff.

Turkey

305,000

300,000

-1.6%

USA

229,000

220,000

-3.9%

Iran

150,000

160,000

6.7%

India

145,000

150,000

3.4%

China

150,000

135,000

-10.0%

South Africa

76,422

77,190

1.0%

Uzbekistan

85,000

70,000

-17.6%

Chile

65,000

64,300

-1.1%

Argentina

32,000

43,000

34.4%

Afghanistan

15,000

28,000

86.7%

Others

60,250

57,000

-5.4%

Total

1,312,672

1,304,490

-0.6%

INC Webinar June 2020

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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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