Turkish Dried Apricots, Market Update

The apricot market in Malatya has stabilized after a period of uncertainty due to the earthquake, frost, heavy rains, and hail that damaged the crop. Raw material prices have increased by 40% since January 2023, and availability is extremely tight. The new crop is expected to be small, so we are advising customers to cover their needs on time.

• The earthquake damaged a significant amount of the crop.

• Frost damaged the crop in some areas.

• Heavy rains damaged the crop in other areas.

• Hail damaged the crop in some mountain regions.

• The new crop is expected to be small.

The market is expected to remain tight until the new crop is harvested. The availability of small size fruits like Type 6,7 and 8’s will be extremely limited in the market. The market will determine its direction depending on the developments during the fresh fruit stage and the weather conditions during the harvest of the crop 2023 goods, availability of the raw material, currency movement, the recovery speed of the area after the quakes, the demand from customers.