The CBRT did not change its policy rate this month after inflation rose to 36 percent, the peak of 19 years, and the rate cuts in the past months triggered the currency crisis. Fluctuations in the Turkish Lira are calm as last week. Cold temperatures, frost, and snow are still dominating all over Turkey.
Market players stated that it is very quiet on the buyers’ side for seedless dried raisins from Turkey. Exporters now offer 1500 Usd/mt on FOB basis for prompt shipments. Organic raisins type nr.9 are offered at 2200-2400 Usd/mt levels. There were some small transactions at the İzmir Stock market at 14.80 for type nr 8. Exporters stated that the raw material prices forced 16 TL/kg last week for no.9 type raisins but that these reduced again to 15-15.50 TL/kg levels this week. Market players also added that the problem of unavailable containers for shipments is growing and that freight costs are increasing accordingly. The freight cost to the European Main Ports is meanwhile calculated at 100 Usd/mt.
Today the Usd/TL rate was noted at 13.39 TL (13.44 last week) and Euro/TL rate at 15.15 TL levels (15.35 last week).
Turkey’s total exports range at 108.543 mt until 22 Jan. 2022, which was 103.145 mt last year during the same period. Turkey exported last week 3531 mt of sultana raisins, being 3874 mt during the same week of the previous Season.
| Sultana Raisins, Turkey, crop 2021 | |
| Type | USD/kg |
| Type 8, Std. Grade A | 1,50 |
| Type 9, Std. Grade A | 1,60 |
| Type 10, Std.Grade A | 1,75 |
| Type nr .9 Organic, Std. Grade A | 2,30 |
| FOB Izmir | |
| Seedless dried raisins exports on mt basis | ||
| Season | 2021 | 2020 |
| Qty (mt) | 108.543 | 103.145 |
| From the beginning of the season | ||
Source: Trade, etc..