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Sultanas: Suppliers play it safe

August 24, 2017 at 9:13 AM , Der AUDITOR
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MANISA. Although about 5,000 mt of sultanas were shipped last week, demand is very subdued for new contracts.

 

Subdued activities

Due to the Sacrifice Feast market activities are expected to be rather subdued next week. Some trading activities will, however, take place.

Sultana exports in mt

season

mt

avg USD

avg EUR

2016/17

262.412

1,555

1,322

2015/16

197.731

2,051

1,744

since the beginning of the season

 

Storms have wreaked havoc

Storms have wreaked havoc in some regions. Some field, in which the grapes are drying, have been flooded and one farmer has been killed. The prices have, however, remained unaffected. The prices for the lighter type 10 sultanas have even dropped considerably since last week. It should, however, be noted that prices here particularly depend on the weather since longer drying periods usually result in a darker colour. It is very possible that prices will rise again, especially since temperatures at night are extremely low, which is why traders are reckoning with longer drying periods.

Sultanas, Turkey

type

USD/mt

EUR/mt

Grade A, Type 8, STD  

1,400

1,190

Grade A, Type 9, STD  

1,435

1,220

Grade A, Type 10, STD  

1,500

1,276

Bio, Grade A, Type 9  

2,150

1,828

FOB Izmir

 

Possible drop in production

Some market players expect a smaller crop this year and are only offering contracts till February. This is because the market has witnessed very good harvests over the last two years, which is why some market players issue concerns that production is set to drop in 2018.

Attached Files

File icon
sultana type 10 price chart
File icon
sultana type 9 price chart

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