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Sultanas: Spirits dampened by hail

June 12, 2017 at 9:44 AM , Der AUDITOR
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MANISA. The current offers are putting off buyers. Hail has dampened the production prospects for 2017. At the same time, traders consider that the surpluses are being overestimated.

Realistic carry-over stock estimates?

Since the beginning of the season, Turkish dried fruit exporters have delivered almost 211,000 mt of sultanas to foreign countries, that is 37.5% more than last year at this time. Considering the domestic consumption of about 40,000 mt, already 250,000 mt have been consumed in this season. The carry-over stocks are currently estimated at 40,000-50,000 mt. Even with last year’s production exceeding 300,000 mt, exports and domestic consumption would have to drop strongly in the next few weeks for the estimates concerning the carry-over stocks to prove true

Sultana exports in mt

Season

mt

avg USD

avg EUR

2016/17

211,761

1,571

1,396

2015/16

154,087

2,106

1,871

Since the beginning of the season


Unrealistic offers

Hail in Manisa has caused some damage to the vines, but this still has had no effect on the prices. The actual extent of the damage still remains to be seen.

Offers for prompt delivery are maintaining a stable price level. For sultanas, Type 9, STD from the new crop, the asking price currently varies between 1,450-1,550 USD/mt FOB Izmir. Market players, however, assume that these offers will not be accepted for the time being.

Sultanas, Turkey

Type

USD/mt

EUR/mt

Grade A, Type 8, STD  

1,245

1,106

Grade A, Type 9, STD  

1,275

1,133

Grade A, Type 10, STD  

1,425

1,266

Organic, Grade A, Type 9  

1,850

1,643

FOB Izmir

Attached Files

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Hagelkörner
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Sultana type 10 price chart
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sultana type 9 price chart

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