Apricot Market Turmoil: Frost Impact and Soaring Prices

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📊 Apricot Market Analysis: Frost Havoc and Price Surge

The apricot market is currently facing unprecedented challenges following a severe frost in Türkiye, described as the worst in a century. This natural disaster has significantly disrupted the supply chain, leading to a doubling of domestic prices and a standstill in trade activities in Malatya, a major trading hub. With current domestic prices ranging from TL 350-400/kg for sulphured dried apricots to as high as TL 850/kg for organic varieties, the market is in a state of flux. Exporters are struggling with depleted stocks, and many have shut down, anticipating no activity until the next season. This report delves into the current market dynamics, price trends, and the fundamental drivers affecting the apricot market.


📈 Current Market Prices

Type Price (USD/kg) Previous Price (USD/kg) Location
Premium Apricots 2.71 2.66 Tehran
Jumbo Premium Apricots 4.07 3.93 Tehran
Cubes No. 0 6.4 6.4 Dordrecht

📉 Market Drivers

  • Severe frost in Türkiye impacting supply significantly.
  • High domestic prices leading to a trade standstill.
  • Lack of export pricing information causing market uncertainty.

⛅ Weather Forecast – Impact on Harvest

Upcoming cooler temperatures and rain are expected in major apricot growing regions, which might mitigate some of the frost damage but is unlikely to reverse the substantial impact already inflicted on this season’s yield.

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🔮 Price Forecast – Next 3 Days

Given the current market conditions and limited supply, prices are expected to remain high with potential slight fluctuations depending on local market reactions to ongoing weather conditions.