Dried apricots: buyers require prices for the new crop

July 21, 2020 at 10:20 AM , Der AUDITOR
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MALATYA. Market players report that buyers are eager to find out prices for the new crop. As a result, price estimates are already being made for the unfinished product.

Prices without guarantee

Producers explain that the apricots are currently in the drying phase and that it is actually too early to assess the price of the product. However, since the buyer side is exerting strong pressure, initial price estimates are already being made. Market players report, however, that exporters are adding too much to the prices of the old crop and that the price indications for the new crop are thus set significantly too high. For this reason, producers also demand higher prices for their goods. If all market players waited until the apricots are completely dried and a realistic estimate can be made, it would be easier to determine the actual market prices.

The prices shown in the table are the indications currently given for the new crop and may change daily at this stage, as they are based on speculation. At the end of the month there should be more clarity in the prices, and new market prices are expected at the latest after the end of the Islamic sacrifice festival Eid al-Adha.

Dried apricots, Turkey, 2020 crop

Size

USD/mt

EUR/mt

No 2

3,200

2,800

No 4

3,000

2,630

No 6

2,800

2,450

No 8

2,450

2,150

FOB Mersin, 2000 ppm

Decreased exports volumes

Last week Turkey exported 770 metric tonnes of apricots and apricot products, compared to 982 metric tonnes in the same period last year. Since the beginning of the season, the total exports amount to 94,598 metric tonnes compared to 97,881 metric tonnes in the same period last season.

Dried apricot exports in mt

Type

2019/20

2018/19

Whole

80,661

80,946

Industrial

7,349

9,919

Diced

6,588

7,016

Total

94,598

97,881

since the beginning of the season

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price chart, apricots, dried, sulphured, no 2
price chart, apricots, dried, sulphured, no 4
price chart, apricots, dried, diced, 5 x 8 mm
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price chart apricots, dried, sulphured, no 2
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price chart apricots, dried, sulphured, no 4

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