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12.02.2018

Dried Fruits: overview of world markets

RAISINS

The continuing global shortage of Thompson seedless raisins is beginning to create supply problems for the UK.

Europe required raisin tonnage from Turkey. These would either be genuine Turkish Thompson seedless raisins or dark coloured sultanas. This year, however, the lack of rain just prior to the Turkish harvest meant that there was less dark coloured fruit than usual. Available stocks in Turkey are therefore limited and prices have increased, following the catastrophic damage that occurred to the US raisin crop this year.

US raisin prices have continued to increase, with some packers offering select Thompson raisin at levels above USD1.65 per pound c&f Felixstowe. This equates to a sterling landed price in excess of GBP2,500/tonne (USD3,540/tonne) ex-UK store.