Dried Fruit

Sultanas: Tariş revises purchasing price

October 31, 2023 at 4:41 PM , Der AUDITOR
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MANISA. As Turkey's Central Bank increased the key interest rate in line with expectations it has become more difficult for exporters to take out loans. Raisin association Tariş has issued new purchasing bids and export prices remain high.

Exporters in a fix

On 26 October the Central Bank Monetary Policy Committee announced its decision to increase the key interest rate by 500 basis points to 35%. Effect is that loans have become even more expensive and exporters are no longer willing to pay high interest rates to finance raw material purchases. Tariş has, in addition, once again revised the purchasing prices for seedless raisins upwards. The new prices are TRY 55/kg for type 7 raisins, TRY 60/kg for type 8 raisins and TRY 65/kg for type 9 raisins. The price for type 10 and Thomson raisins is TR

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