Sultanas: Contract offers until end of 2017

November 18, 2016 at 1:30 PM , Der AUDITOR
Play report as audio

MANISA. Several Turkish sultana suppliers are trying their hand at long-term customer retention, and are providing the opportunity of contracts ranging to the end of 2017.

Of course, these contracts contain particular conditions. Firstly, there must be sufficient produce available on the market. To ensure this, the supplier wants an advance payment in order to build up according stocks beforehand. In addition to that, the price is significantly above the current level. Turkish sultanas, type 9, for prompt delivery are currently at 1,325 USD/mt, for contracts with “extended length”, the price is at 1,450 USD/mt FOB Izmir.     

Farmers have no alternative
By now, farmers are submitting themselves to the buyers and accepting the current raw sultana price of 3.10—3.50 TRY/kg. Contrary to the threats at the beginning of the season, many have been selling their produce to traders on commission basis since they lack the necessary storage capacities.
The momentary comparatively low price level is driving exports. Since beginning of the season, 76,716 mt of sultanas were exported abroad – an increase of 44%, compared to last year. Traders expect the current price levels to be held without greater fluctuations until approximately March 2017. Naturally, one variable in this forecast is the exchange rate.

 

export sultanas in mt

season

mt

Ø USD

Ø EUR

2016/17

76,716

1,625

1,514

2015/16

53,216

2,096

1,953

01.09.-12.11.16

 
Quality check

Predominantly, type 8 and type 9 qualities are available on the Turkish sultana market. The lighter type 10 is a scarce good due to rainfall during the drying phase. The market shows surprise mainly at the good quality of organic sultanas. Despite the high yield, the grapes also turned out very large. Raw sultana prices are at 3.50-4.00 TRY/kg. Traders believe that a price increase of 50-100 USD/mt for organic sultanas is possible in the course of the season.

 

sultanas, Turkey

type

USD/mt

EUR/mt

grade A, type 8, STD  

1,300

1,211

grade A, type 9, STD  

1,325

1,235

grade A, type 10, STD  

1,500

1,398

organic, grade A, Type 9  

2,100

1,957

FOB Izmir

Attached Files

File icon
raisins, sultanas, grade A, type 9, STD, 4.1-1.8
File icon
sultanas, grade A, type 9, STD, 2,21 - 1

View related articles

Go to the News Overview
Dried Fruit
Nov 19, 2024
AYDIN. Demand for Turkish dried figs remains subdued in view of the high prices. However, exporters are occasionally able to make comparatively good offers to their regular customers.
Dried Fruit
Nov 19, 2024
MANISA. High prices have shaped the Turkish sultana market this year and are dampening exports. Dwindling stocks are now causing prices for organic sultanas to rise further.
Dried Fruit
Nov 19, 2024
MALATYA. Growers still suffering from the consequences of the severe earthquakes at the beginning of the year are to receive more aid. Meanwhile, apricot prices are holding steady while temperatures slide into the minus degrees.
Dried Fruit
Nov 19, 2024
BRUSSELS/TEHRAN. EU imports highlight the fact that demand is on the rise for dates. Prices have surged in Iran.