Dried Fruit

Sultanas: trade at commodity exchange makes prices rise

May 5, 2020 11:47 AM, Der AUDITOR
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MANISA. The bustle on the commodity exchange in Izmir and price corrections of the TMO pushed up prices for Turkish sultanas at the beginning of the week.

Rising farmgate prices

After the long weekend, the Turkish raisin and sultana market was very lively. The Tariş traded 505 metric tonnes of raisins at a price of TRY 11 per kg on the Izmir commodity exchange, and producers were able to sell 150 metric tonnes of sultanas, type 9, at prices of TRY 9.90-10.00 per kg. The TMO offer prices have increased this week. As a result, sultanas, type 8, are traded from TRY 10.50 per kg, type 9 for TRY 11 TRY per kg and type 10 for TRY 11.40 per kg. After the start of the season, the state organisation had bought a total of 11,500 metric tonnes of sultanas from the farmers. Although the Turkish lira continues to weaken, export prices also increased this week by EUR 0.30-0.50 per kg.

Sultanas, Turkey

Type

USD/kg

RTU grade, Type 8, medium

1.68

Grade A, Type 9, STD

1.70-1.75

Grade A, Type 10, STD

1.85-1.95

Organic, Grade A, Type 9

2.60-2.65

FOB Izmir

Weekly exports at last year's level

According to market players, spot demand has declined significantly, which is why exporters are reluctant to meet producers' price demands. Weekly exports have meanwhile also settled at last year's level of 3,684 metric tonnes. In total, 182,333 metric tonnes of sultanas and raisins have been shipped overseas since the start of the season, about 9,000 metric tonnes less than last year at this time.

Seedless dried raisin exports, Turkey

Season

mt

avg. USD/mt

avg. EUR/mt

2019/20

182,333

2,072

1,903

2018/19

191,356

1,982

1,821

since the start of the season

First measures are being eased in Turkey

After strict corona restrictions for at-risk groups and young people had applied in Turkey, first easings have been announced. Once a week, members of these groups will be allowed to leave their homes for up to four hours. Hairdressers and beauty salons will also be allowed to open again from 11 May, as will shopping centres. Within 7 of the 31 Turkish provinces, travel restrictions will also be lifted.

View more information
price chart, sultanas, type 9, Turkey
price chart, sultanas, type 10, Turkey
price chart, organic sultanas, type 9, standard, Turkey
more price charts

Attached Files

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price chart sultanas, grade A, type 10, standard
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price chart sultanas, grade A, type 9, standard

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