Turkish Sultanas Update 24.05.24

All eyes are focused on the development of the 2024 crop. The weather conditions during June-July this year and the situation at the vineyards will be critical for the tail end of the current season and also the start of next season. The frost damage that occurred on the 23rd of March in the growing […]

Published: 24th May 2024

Coconut Market Report 24.05.24

The supply situation for raw coconut continues to deteriorate across all origins, leading to significant price increases for raw materials. Desiccators and oil extractors are competing for the limited supply of nuts, intensifying the problem. This scarcity has also caused substantial delays in shipments, with lead times now extending to 6 to 8 weeks. The […]

Published: 24th May 2024

Pulses Market Report 23.05.24

Kabuli Chickpeas The chickpea market remains stable, with Mexican and Indian crops of large chickpeas providing some relief. However, prices have stayed relatively high, indicating strong demand. The increased freight costs for shipments from India have reduced the appeal of Indian chickpeas, contributing to market stability. For medium and small chickpeas, European buyers are now […]

Published: 23rd May 2024

Seed Market Outlook 23.04.24

The Sterling weakened this week to the lowest levels since November 2023 following last week's strong data from the USA. With signs the US economy is stronger and more resilient than expected, markets anticipate that high-interest rates may persist for longer than originally forecasted.  

Published: 23rd April 2024

Cashew Market Report 22.04.24

The market in cashews is again much firmer this week. SOUPARNIKA has seen some very good demand from Japan and Europe and shipments for June through November are also being bid on. Indications for regular raw seed are hard to find, and our supplier is struggling to get any firm offers. During the past two […]

Published: 22nd April 2024

Coconut Market Report 19.04.24

The supply chain and pricing dynamics of agricultural commodities across Asia, particularly in the coconut industry, are facing several notable challenges. The impact of El Niño has been particularly disruptive, leading to severe shortages in raw coconut supplies from key regions such as Indonesia, the Philippines and Sri Lanka. This scarcity has intensified competition among […]

Published: 19th April 2024

International News Trade Update 19.04.24

UK Free Trade Agreements Talks with Turkey On the 14th March, the UK initiated discussions with Turkey to establish a new, modernised trade agreement focusing on the services sector, to benefit businesses nationwide. Turkey offers vast opportunities as one of the OECD's fastest-growing economies, with a population of 85 million. The economic relationship between the […]

Published: 19th April 2024

Almond Market Update 18.04.24

March shipments exceeded industry expectations, reaching 237 million pounds - a 7% increase from the previous month but a 16% decrease from last year's record month. Export shipments also bounced back up 7% to 175 million pounds compared to last month's dip, while domestic shipments also improved 6% from the prior month. Shipments India Shipments […]

Published: 18th April 2024

Turkish Apricot Update 16.04.24

Exports in March were 6,191 tons compared to 8,556 tons which is a decrease of 28%. As for year-to-date exports, a drop of 18% from 51,373 tons (2024) to 62,403 tons (2023) has occurred. Shipments in March were back in line with expectations after a larger-than-expected number in February. After factoring in a little more […]

Published: 16th April 2024

Californian Almonds Shipment Report 15.04.24

Shipments for March were 15.7% less than last year, but this was expected as last year's shipments were exceptional- a monthly shipment of 237M lbs is very good. Calculated inventory is almost 12% less than last year, sitting at 1350M lbs. If shipments for the last 4 months average around 200M lbs, the end product […]

Published: 15th April 2024