Dried figs: market players are on pins and needles
July 14, 2020 at 11:29 AM ,
Der AUDITOR
Still no estimates
According to market players, there is virtually no interest in spot purchases and only a few are still settling call-offs from current contracts. Most traders have nothing to offer due to low commodity supplies. Those who still have some supplies are holding them back and observe the development of the new crop. Only in two weeks time will it become clear how successful the pollination was and what can be expected from production in 2020. Accordingly, it is still too early for offers from the new crop.
Dried figs, Turkey |
||
Type |
USD/mt |
EUR/mt |
Lerida, no 1 |
5,100 |
4,497 |
Lerida, no 2 |
4,700 |
4,144 |
Lerida, no 3 |
4,400 |
3,879 |
Lerida, no 4 |
4,100 |
3,615 |
FOB Izmir |
Germany increases imports by 24%
A total of 62,700 metric tonnes of dried figs and dried fig products were exported this season, around 17% less than last year at this time - with weekly exports currently at almost 600 metric tonnes, the same level as last year. According to the Federal Statistical Office, Germany imported a total of 6,702 metric tonnes of dried figs between October 2019 and April 2020, an increase of 24.4% over the same period last year. This is partly due to the import growth of Turkish shipments, which increased by 24% to 6,252 metric tonnes for the period mentioned above.
Dried fig exports in mt |
||
Type |
2019/20 |
2018/19 |
Whole |
46,708 |
40,050 |
Diced |
4,392 |
4,027 |
Paste |
10,506 |
8,178 |
Industrial |
703 |
1,028 |
Roasted |
25 |
38 |
Others |
363 |
372 |
Total |
62,697 |
53,692 |
since the start of the season |
View more information
- price chart, dried figs, Lerida no 2, Turkey
- price chart, dried figs, Lerida no 4, Turkey
- more price charts