Sultanas: hazards during the drying phase
July 21, 2020 at 9:00 AM ,
Der AUDITOR
Official impulses are missing
Now that the weather has improved again, market players are confident that the grape harvest for sultana production can begin as usual by mid-August at the latest. However, the unsettled weather of recent months is fuelling concerns that problems could arise during the drying phase. A possible surplus of darker type 8 sultanas would probably be the least of the problems.
There is still no official statement. For the time being, the Aegean Exporters Association's forecast of 300,000 metric tonnes is considered a guideline, while farmers speak of only 250,000 metric tonnes. In addition, there is said to be a surplus of 30,000-50,000 metric tonnes from the current season. At the same time, it is still unclear when and at what prices the TMO will buy - or whether there will be intervention buying this year at all.
Old and new crop are converging
Market players have started to offer the same prices for both spot offers and new crop. Sultanas, type 9, are currently slightly cheaper than last week at USD 1.60-1.70 per kg FOB Izmir. Good spot demand for organic sultanas caused farmgate prices to rise from TRY 11.50-12.00 per kg to TRY 13.00 per kg, which is why buyers must expect higher prices for the time being even with offers from the new crop.
Sultanas, Turkey, 2019/2020 crop |
|
Type |
USD/kg |
RTU grade, Type 8, medium |
1.60 |
Grade A, Type 9, STD |
1.60-1.70 |
Grade A, Type 10, STD |
1.80-1.95 |
Organic, Grade A, Type 9 |
2.60-2.65 |
FOB Izmir |
Weekly exports remain stable
Turkish dried fruit exporters have shipped 223,444 metric tonnes of sultanas and raisins overseas since the start of the season. The year-on-year export volume is significantly lower than last year, while weekly exports are surprisingly stable at around 3,700 metric tonnes.
Sultana exports, Turkey |
|||
Season |
mt |
avg USD |
avg EUR |
2019/20 |
223,444 |
2,062 |
1,803 |
2018/19 |
232,047 |
2,028 |
1,773 |
since the beginning of the season |
View more information
- price chart, sultanas, type 9, Turkey
- price chart, sultanas, type 10, Turkey
- price chart, organic sultanas, type 9, standard, Turkey
- more price charts