đ Market Overview: Dried Figs Stability
Despite a stable market, dried figs face a challenging close to the season. Export figures last week hit 571,000 tons at an average price of 7 USD, surpassing last year’s performance in both tonnage and price. However, the quality of exported figs remains a concern, with many shipments consisting of second-grade figs primarily to the Middle East and Eastern Bloc countries. These regions are noted for their higher aflatoxin tolerance, influencing export dynamics.
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Figs dried
no: 7, lerida
FOB 8.30 âŹ/kg
(from TR)
Figs dried
no: 6, natural
FOB 8.50 âŹ/kg
(from TR)
Figs dried
no: 5, natural
FOB 8.70 âŹ/kg
(from TR)
đ Price Trends and Market Sentiment
| Type | Price (USD) | Previous Price (USD) | Change |
|---|---|---|---|
| No: 1, Lerida | 9.50 | 9.50 | 0% |
| No: 7, Lerida | 8.30 | 8.30 | 0% |
| No: 5, Natural | 8.70 | 8.70 | 0% |
đ Key Market Drivers
- End-of-season stock clearance impacting quality and price.
- Geopolitical factors in key export markets influencing demand.
- Climatic risks due to dry weather, increasing irrigation needs.
â Weather Outlook â Key Growing Regions
Dry conditions in Turkey are expected to persist, increasing the need for irrigation and posing risks to crop quality and volume. This could potentially elevate market prices if the situation worsens.
đź Price Forecast â Next 3 Days
Given the current market conditions and weather forecasts, prices are expected to hold steady with slight fluctuations depending on regional demand and climatic developments.
