Dried Figs Market Update: Quiet Offseason Leaves Prices Steady Amid Tight Supply

The dried figs market is experiencing an exceptionally quiet period, characteristic of the off-season lull. Over the past months, Turkish farmers—by far the world’s leading exporters—have largely exhausted their stocks, restricting sales almost exclusively to the local market. For exporters and international buyers, particularly in Europe, this means fig export activity has virtually halted until the next harvest, making it nearly impossible to secure fresh export pricing. Meanwhile, export companies are patiently awaiting the arrival of new season supplies, while the local market absorbs the remaining available volume at unchanged prices.

Recent price stability against this backdrop of limited activity signals a market in stasis, but underneath lies a complex interplay of tight global supply, cautious demand, and anticipation for the season ahead. As the market prepares for renewed movement later in the year, traders and processors are urged to monitor weather developments in key growing regions, especially in Turkey, which could significantly impact the quantity and quality of the upcoming crop. This report details the latest price movements, supply dynamics, global fundamental data, and a near-term outlook for the figs market.

📈 Prices

Origin	Type	Location	FOB Price (EUR/kg)	Prev. Price	Last Update	Sentiment
TR	No: 2, Lerida	Malatya	9.50	9.50	2025-06-17	Stable
TR	No: 1, Lerida	Malatya	9.50	9.50	2025-06-17	Stable
TR	No: 7, Lerida	Malatya	8.30	8.30	2025-06-04	Stable
TR	No: 6, Natural	Malatya	8.50	8.50	2025-06-04	Stable
IR	Grade AAA	Tehran	4.68	4.87	2025-05-28	Softening
IR	Grade B	Tehran	2.55	2.57	2025-05-28	Softening

🌍 Supply & Demand

• Export Season Closed: Turkish fig exports are effectively unavailable as the season has ended. Farmers are selling limited holdover stocks only to domestic buyers.
• Exporters on Hold: Global trading houses await the new crop; international supply is essentially on pause for now.
• European Market: Nearly impossible to obtain fresh export prices; current volumes reserved for local consumption.

📊 Fundamentals

• Turkey—Global Leader: Turkey remains the world’s top exporter of dried figs, with Malatya and Aydın as principal growing areas.
• Iran—Alternative Source: Iranian quotes remain much lower (EUR 2.55–4.68/kg FOB for varying grades) but show some downward price movement versus Turkish stability.
• Stock Position: Turkish farm-level stocks nearly exhausted; pipeline inventories very thin.
• Speculative Activity: Minimal, due to seasonality and limited availability.

☁️ Weather Outlook

• Turkey (Aydın, Malatya): Seasonal weather is currently favourable for the 2025 fig crop, with no major adverse events reported as of this update. However, the next four weeks are critical for fruit sizing and maturation. Excessive rain or unexpected heat waves could still impact quality/volume.
• Iran: Weather conditions remain average, supporting normal development for Iranian figs.

🌏 Global Production & Stocks

Country	2024/25 Est. Prod. (000 t)	Stock (000 t)	Import Volume (000 t)
Turkey	80	12	1
Iran	35	8	0.5
USA	14	2	4
Spain	14	2	3

📆 Trading Outlook & Recommendations

• Buyers: Secure any remaining Turkish supply only for absolute necessity; otherwise, wait for new season pricing.
• Sellers: Maintain quote discipline; avoid discounting as exportable stock is extremely limited.
• Exporters: Prepare logistics for new season demand; consider alternative sourcing (Iran) if urgent needs arise.
• Watch: Closely monitor Turkish weather for final yield and quality developments—potential volatility if weather turns adverse.
• Speculation: Very limited risk/reward at current flat price levels.

🔮 3-Day Regional Price Forecast

• Turkey Malatya / Lerida #1-2: Steady at EUR 9.50/kg FOB (no change anticipated, export season closed)
• Iran Tehran / Grade AAA: Slightly weaker at EUR 4.60–4.70/kg FOB (minor downtrend continues)