Dried figs: trading activities remain disrupted

March 30, 2020 at 2:56 PM , Der AUDITOR
Play report as audio

TEHRAN. Market players in Iran reckon that the coronavirus outbreak will prompt a 20% decline in export volume and a 50% decline in export value. One of the main issues are the restrictions on traffic at the borders. The spread of the virus also has a massive impact on demand for dried figs.

Diverse situation at the borders

The situation at the borders is different in every country with restrictions in place on exports and on imports. When passenger traffic is prohibited it is also impossible for drivers to enter another country meaning that goods need to be frequently exchanged at the borders. Base on the Trade Promotion Organization of Iran it can be stated that the trading is currently active at the norther Borders, whereas the southern borders are closed. The following overview can be given:

  • - Despite some restrictions on traffic in some of the ports, including the Sultan Qaboos Port, the borders to Oman are nearly completely open.
  • - Kuwait has nearly banned the supply of goods and passengers.
  • - Qatar has banned the supply of food but permits minerals.
  • - Although trading is underway with the United Arab Emirates, restrictions apply.
  • -Foodstuff is being transported by rail through the Sarakhs border to Turkmenistan. The Inchebron border will, however, remain closed until 1st April.
  • - The transit route is open to Azerbaijan.
  • - Restrictions apply in Armenia. Iranian visas are to be cancelled. Some commodities can, however, be traded and transited through the Maghri border.
  • - Goods are only slowly transferred in Kazakhstan and Russia.
  • - At the borders in Afghanistan there are problems with issuing visas to Afghan truck drivers, apart from this there are no restrictions.
  • - At the border with Turkey, only agricultural goods are being exported by Turkish trucks at the Sero border in Orumiyeh. Freight traffic by rail is possible at the Khoy-Razi border. Iranian and Turkish trucks can return to their country of origin at the Bazargan-Maku border.
  • - Pakistan has closed all borders with Iran.

 

No disruptions are being reported at the ports in Iran’s north and south. Trade in the southern Iranian ports to Kuwait and the Untied Arab Emirates has, however, stopped and Qatar only accepts refrigerated vessels.

Domestic demand drives up prices

The New Year celebrations in Iran and guidelines recommending the consumption of dried fruit have driven up demand in the domestic market. Prices have risen by 2-3% over the last two weeks. Nevertheless, it should be noted that domestic demand is much lower than last year.

 

Dried figs, Iran

Type

EUR/kg

Grade A

3.68

Grade AA

4.48

Grade AAA

5.35

FOB Iran

 

View more information

price chart, figs, dried, no 2, Lerida
price chart figs, dried, no 4, Lerida
more price charts

View related articles

Go to the News Overview
Dried Fruit
Jan 8, 2025
AYDIN. After the EU rejected some dried fig shipments due to high aflatoxin levels, associations and ministries are doing everything they can to combat this problem. Exports are still at the same level as last season.
Dried Fruit
Jan 7, 2025
MANISA. In the hope of price increases, farmers are refusing to sell their sultanas at current prices – exporters are observing this with scepticism. This season's exports are well behind those of the previous year.
Dried Fruit
Jan 7, 2025
MALATYA. Although the market remains fairly quiet, the first buyers are starting to stock up on dried apricots for Ramadan. The weather conditions in Malatya are ideal for the apricot trees and exports are continuing at a rapid pace.
Oilseeds
Jan 2, 2025
SEEHEIM/IZMIR. The year 2024 had a lot to offer: new regulations and record prices were the order of the day in many markets, and climatic extremes were noticeable in many areas. Our business partner from the Turkish blue poppy seed and dried fruit market explains how market players have been facing these hurdles and what they expect for the coming year 2025. Read the full interview here.