Turkish Dried Fruits Report - Apricots, Figs & Sultanas
I'd like to share the following information with you about recent developments in the Turkish apricot industry: As I previously mentioned, there has been an increase in market demand for the raw material in recent weeks. We continue to see an increase in apricot demand, but growers are still hesitant to sell their raw material stocks. Clearly, rising demand is causing noticeable price increases these days. Since the farmers would not be able to sell their available crops before the end of May.
We'll be paying close attention to weather forecasts for the area until the end of April. Temperatures are expected to return to seasonal averages in the coming days, according to weather forecasts. We assume that if we do not have any inconvenient weather until the end of April, we will lose approximately 30% of the crop due to last frost issues. With all that being said towards the end of May we will hopefully have new crop estimates.
In the raw material market, there have been an increase in demand. On the last few weeks, traders and exporters have been looking for high quality dried figs. The farmers do not have any more raw material on hand to sell. Raw material prices have risen dramatically in recent months as a result of rising demand for high-quality products.
Just 70 metric tonnes of sultanas were traded in the bourse last week.
From September 1, 2020, to April 17, 2021, a total of 146.129 MT of Turkish Sultanas were exported.
When we look at the export data released this week, we can see that there were 28,213 MT fewer shipments than during the same time last season.
Unfortunately, the gap between shipments for the next two seasons has grown significantly, and it is widening with each passing week.