Sultana Raisins: Calm markets MANISA: Market players stated that markets are calm due to the official holiday in Turkey

Market players stated that the markets would be calm this week due to the religious Sacrifice Festival in Turkey. The stock exchange in Izmir is closed this week.

The harvest of the superior seedless table grapes has started as of 15th July. The total export of fresh grapes is expected to be 5.000 mt at least. The main export markets are Russia, followed by Europe. The harvest of the sultana raisins is expected to start during the second half of August. Exporters are eagerly waiting for TMO’s price announcement for the new crop.

Exports continue on high tempo, but the difference of almost 24.000 mt compared with the previous season remains. Export prices remain the same as last week. Market players expect exporters to start offering prices for all types, including organic sultana raisins, after the Holiday. Some exporters are still buying raw materials from TMO.

The fluctuations in the Turkish Lira continue. Turkish Lira is changing rapidly daily. The USD/TL rate is at 8.58 TL (8.63 last week) and Euro/TL rate at 10.14 TL levels (10.24 TL last week). The total exports until 16 July 2021 were 199.603 mt, which was 223.444 mt last year during the same period. Turkey exported 4.410 mt of sultana raisins last week, which was 3.704 mt during the same week of the previous Season.

Source: Trade

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