Preparations for the new sultanas season is full with question marks

Manisa: Turkey’s dried raisins exports were not as hoped this season. Exporters enter a new season with full question marks within 2-3 months.[swpm_protected visible_to=”logged_in_users_only” custom_msg=’This content is for members only. Please login or sign up now.’]

This season has not been delightful for the Turkish sultana raisins exporters despite the increase of dry fruit purchases during the pandemic. This was due to many reasons like higher prices of the Turkish sultana raisins compared with other dried raisins producing and exporting countries. Turkey started with 1750 USD/mt FOB prices at the beginning of the season 2020/2021. The fluctuations in the Turkish Lira were also an important issue causing uncertainty for the exporters for their calculations. However, the exporters have nowadays reduced their prices to 1600 USD/mt for the actual crop and even the new crop, but it is reported that the demands are still very poor. There are, however, still almost 3 months to go before the new crop will be available. At the beginning of the current season, the TMO had already started to buy raw material from the farmers, but as they have a huge amount on stocks (almost 90.000 mt), this will probably be the carryover of this Season. It is tough to say in advance whether TMO will purchase in the same way and what the raw material prices will be for the new crop. Farmers expect a higher price level which was 12.50 TL for type 9, but on the other hand, exporters are worried that they will lose market shares if the prices are high again. Until 5th June 2021, Turkey has exported 175.725 mt, which was 199.784 mt last year during the same period meaning a decrease of almost 14%.
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