Turkish Figs: Strong Crop Meets Weather Risk and Soft Demand
Fresh fig harvest starts in Aydın with strong crop, but storms and slow dried fig demand keep prices under pressure. Outlook and trading ideas in EUR.
Prices
The fresh fig season in Aydın has just begun, with indicative starting prices around 200 TL at origin. With EUR/TRY fluctuating, this suggests very competitive fresh fig levels in EUR terms, especially given the reported improvement in yield and quality. However, buyers are hesitant, reflecting a sluggish market as dried fig demand has not yet kicked in.
On the dried side, FOB Malatya quotations in late July are broadly stable compared with earlier in the month. Conventional Turkish dried figs (natural, Malatya, FOB) are assessed around:
- No. 7 Lerida: ~EUR 7.6/kg
- No. 4–5 natural: ~EUR 8.2–8.8/kg
- No. 1 natural: ~EUR 9.6/kg
Organic and specialty products such as organic Protoben and mini figs ex İzmir are trading at a significant premium, around EUR 15–16/kg FOB. Price spreads between sizes and presentations remain consistent, signalling a broadly balanced stock situation ahead of the new main dried crop.
Supply & Demand
The key structural driver this week is the fresh fig harvest in Aydın, a core origin for both table and drying figs in Türkiye. Despite a later‑than‑usual start due to climatic conditions, initial field feedback indicates both higher volumes and better quality than last year. This points to a potentially large supply base for the upcoming dried fig campaign, assuming weather does not inflict major damage in the coming days.
Demand, however, is lagging. The dried fig season is still several weeks away, so processors and exporters are cautious, waiting for more clarity on usable volumes and quality before stepping in aggressively. Retail and export programmes for dried figs typically ramp up closer to autumn, so current physical buying in the interior is limited, leaving growers facing a temporarily soft spot market for fresh figs.
Weather & Quality Risks
This week is critical for the Aydın fig crop. The Meteorology Department has issued warnings for storms and heavy rain until 1 August, raising concerns over fruit cracking, fungal development, and subsequent aflatoxin and ochratoxin formation. Farmers have been explicitly advised to take preventive measures in orchards and during drying to limit mycotoxin risk.
Local short‑term forecasts for Aydın show very hot, mostly sunny conditions with daytime highs near 38–39°C and warm nights, which are generally favourable for drying but can interact with any storm events to increase stress on fruit and trees. In the event of severe localized storms, selective damage could tighten usable supplies even if total volumes remain high.
Fundamentals
Fundamentally, the market is currently shaped by three elements: (1) strong production prospects in Aydın, (2) timing mismatch between fresh supply and dried demand, and (3) heightened quality and food safety risks. The expectation of a large harvest leads to projections of low opening prices for dried figs once active trading begins, as processors will initially enjoy ample choice.
Yet, mycotoxin risk is a key swing factor. Heavy rain during sensitive stages can sharply raise aflatoxin and ochratoxin levels, forcing more stringent sorting and potentially reducing the share of exportable grades. In that scenario, apparent oversupply of raw fruit could translate into tighter availability of compliant, high‑grade dried figs, supporting prices for premium lots while leaving lower grades under pressure.
Outlook & Trading Strategy
Over the next 1–3 weeks, price formation in both fresh and dried figs will be driven by weather outcomes and early quality assessments from packers. With high crop expectations, base‑case assumptions point to a soft to sideways price bias at the season start, particularly for standard grades. Any significant weather‑related damage or mycotoxin spike, however, could quickly invert sentiment and lift prices for clean, traceable product.
- Importers/Industrial buyers: Consider gradual forward coverage at current EUR levels for core grades, but avoid over‑committing before clearer data on mycotoxin incidence. Prioritize suppliers with strong quality control and drying infrastructure.
- Exporters/Packers: Use the current market lull to secure raw material selectively, focusing on well‑managed orchards. Build flexibility into contracts to account for possible sorting losses if storm damage materializes.
- Producers in Aydın: Short term, accept that opening prices are likely to be soft given high crop expectations. Mitigate downside by rigorous field hygiene, careful timing of harvest, and protective drying practices to preserve quality premiums.
3‑Day Price Indication (Directional)
Given the combination of strong supply expectations and weather uncertainty, the very short‑term outlook is for mostly stable EUR prices with a modest downward bias for fresh figs, while dried figs are likely to trade sideways until clearer signals on exportable quality emerge.