• RAISIN •
There is no significant change in the Turkish Sultanas & Raisin market. All raw materials which are currently being bought to the bourse are being bought and we have seen some slow and small increases, but buyers and sellers are very calm. It is normal for December to have a slight dip in the market. After the second half of December, European markets are generally closed and this period continues into the beginning of the New Year.
From the beginning of the season up to last week, 177.016 kg sultanas raisins have been traded from bourses, so with more than half of the crop already out of the hands of the growers. There is a longer period ahead, so more water will pass from underneath the bridge.
During last week Std.Type N.8 sultanas were traded at levels of 4.15 to 4.20 TL, Std.Type N.9 sultanas were traded at levels of 4.25 – 4.35 TL. Type N.10 sultanas are arrived at limited quantities at the bourse with prices 4.55 Tl-4.60 TL.
We do not expect very serious changes in the short term, but political developments can be hard to reflect in USD currency terms in the period, which can seriously affect the price of the Turkish sultanas raisins.
-Customers are not rushing as they were last year (Chlorpyrifos issue- last year).
-Everyone (grower, exporter, trader, customer/ user) has enough stock in their hands.
-Competing countries are high but also flat; perhaps US up to $3250 from previous $2800.
- USA $3000
- AUSTRALIA $2500
- SOUTH AFRICA $1900
- ARGENTINA $1800
- IRAN $1500
- CHILE $1500
-It is very difficult to guess Natural Thomson Seedless Raisin figure in Turkey; while total volume is believed to be 310-340K MT. Very limited good quality dark fruit around due to lack of rain.
• APRICOT •
Prices of Turkish figs have increased by more than 20% against last year and it seems unlikely that there will be a reduction until the new crop becomes available in September 2018.
Offers of Greek currants are still virtually unavailable, so prices remain unchanged on the UK spot market at between GBP2,200-2,500 (USD2,940-3,341) per tons ex-UK store for provincial quality. It is unclear where UK customers will obtain supply of currants in the coming months. Prices may therefore increase further from these levels.
As the new year approaches, UK dried fruit importers will therefore be looking to the southern hemisphere producers for good news and so far both South Africa and Australia are predicting good crops of sultanas and raisins.