Apricot Market Update: Stable Prices Amid Bayram Holiday and Seasonal Weather Watch

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The global dried apricot market has entered a temporary lull as the Bayram holiday effectively freezes market activity in Turkey, the world’s leading exporter. With no significant price movements and a dearth of headline news, the market mood remains neutral, reflecting seasonally expected calm and cautious optimism for the new crop. Trading desks in Turkey and across Europe are largely in standby mode—industry participants are using the time to monitor upcoming harvest quality and regional weather developments.

Meanwhile, price levels for Turkish-origin dried apricots remain broadly unchanged, offering stability for buyers who value predictability in their supply chains. Despite this calm, underlying drivers such as ongoing weather patterns in key growing regions, shifts in export demand, and competitive offers from Iran are likely to influence market dynamics as soon as trading resumes after the holiday. Read on for a detailed breakdown of current prices, fundamentals, and the short-term outlook for dried apricots.

📈 Prices

Product (Type) Origin Location Delivery Closing Price (USD/kg) Weekly Change Market Sentiment
Apricots dried, no:8, TR-1123 TR Lodz, PL FCA 3.38 0.00% Stable
Apricots dried, Cubes no – 8 TR Dordrecht, NL FCA 5.47 -0.4% Soft
Apricots dried, Cubes no – 6 TR Dordrecht, NL FCA 5.84 -0.3% Soft
Apricots dried, Cubes 8-10mm TR Dordrecht, NL FCA 3.10 -0.6% Weak
Apricots dried, no:5, unsulphured TR Malatya, TR FOB 5.00 0.00% Stable
Apricots dried, premium, diameter >30mm IR Tehran, IR FOB 2.61 0.00% Discounted

🌍 Supply & Demand

  • Turkey: Remains the dominant global supplier, but current market activity is paused due to local holidays. No new export or domestic demand news was reported this week.
  • Iran: Competitive offers remain steady, particularly for larger calibres, gaining some traction among value-conscious buyers in the Middle East and Asia.
  • Europe: Inventory holding steady, with importers in a wait-and-see mode as new crop quality and quantities become clearer.
  • Demand: Consumer and industrial buyers are not actively replenishing stocks during the holiday lull; forward purchasing is expected to resume post-holiday.

📊 Fundamentals

  • Harvest Outlook: Early reports from Turkish and Iranian orchards indicate variable fruit set. Monitoring is ongoing for frost impacts and water availability.
  • Inventories: Stock levels in origin (Turkey, Iran) remain sufficient. No significant shortages or overhangs reported.
  • Speculative Activity: Minimal activity due to holiday—traders awaiting market reopening for clearer directions.
  • Currency/Cross-border trade: Turkish lira stability assists exporters; no major FX-driven volatility foreseen in the near term.

🌦️ Weather & Crop Development

  • Turkey (Malatya): Current weather stable; no reports of adverse events. Next 5–7 days forecast mild temperatures with moderate rainfall, supportive of orchard health. No concerning drought or storm threats.
  • Iran: Mixed precipitation, but no major weather alerts affecting the main apricot regions. Producers report normal ripening stages.
  • Europe (import hubs): Weather normal; no logistic or storage disruptions noted.

🌐 Production & Stocks

Country 2024E Production (kt) 2023 Production (kt) 2024E Stocks (kt)
Turkey ~540 520 50
Iran ~120 110 15
Uzbekistan ~60 65 8
EU n/a n/a Est. 22 (import stock)

📌 Trading Outlook & Recommendations

  • 📦 Buyers: Good window for spot procurement at steady prices before post-holiday demand may push prices higher.
  • 🔃 Sellers: Maintain offers—little pressure to adjust prices during the holiday; post-holiday, re-evaluate based on new crop indications.
  • 🧐 Traders: Watch for any weather shocks or currency moves in Turkey and Iran; be ready to lock in attractive offers if adverse events emerge.
  • General: Hold steady unless urgent requirements; limited upside risk until trading actively resumes.

📆 3-Day Regional Price Forecast

Product Location Current Price (USD/kg) Forecast Range (USD/kg) Sentiment
Apricots dried, no:8, TR-1123 Lodz, PL 3.38 3.35–3.38 Stable
Apricots dried, Cubes no – 8 Dordrecht, NL 5.47 5.45–5.50 Slightly Soft
Apricots dried, premium, >30mm Tehran, IR 2.61 2.60–2.65 Stable

Note: All prices FCA/FOB, based on latest offers and market feedback; USD/kg as standard currency.

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