Turkish Apricot, Market Update 11/07/2023
Harvest of 2023 crop starts (Dogancan)
Exports in June were 4,296 tons compared to 4,367 tons last year
Year to date exports are 77,330 tons compared to 78,966 tons last year
Exports for the year are likely to pass 80,000 tons, leaving 5,000 10,000 tons of carryover. Average prices for 2022 crop are 16.5% higher year to date than 2021 crop, but total exports tonnage is almost identical, demand unaffected by the higher prices.
Harvest of 2023 crop has started in low lying areas. It will be 2 to 3 weeks before we start to see new crop in the market. Quality is very poor with high levels of defects, in many areas 100% of the fruit is blemished, it remains to be seen if this fruit will be harvested or sold for juice.
We still estimate the total crop to be in the region of 50,000 to 60,000 tons.