Raisin

Sultana Raisins: Unfamiliar Situations MANISA: Market players state that especially Europe is experiencing unfamiliar situations, and therefore the stagnation in dried fruit purchases continues

Mintec Global
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Turkey started last week with very cold and minus temperatures, heavy snowfalls continued in many parts of the country, especially in Istanbul. Snowfall in Manisa only fell on high places, but according to the news received today, it is observed that night frosts are effective in the plain. Cold weather is expected to continue this week, but since the vines have not awakened yet, it is stated that this does not harm now; on the contrary, it helps the vines wake up later.

Another critical issue is whether the Turkish Central Bank will increase the interest rate at the meeting of the Monetary Policy Committee on Thursday, March 17.

Market players state that especially Europe is experiencing unfamiliar situations; therefore, the stagnation in dried fruit purchases continues, that the raw material prices are at 16 TL/kg levels for type nr 9, and that there is a slight increase in the demands from abroad. The transactions at the Commodity Exchange in Izmir remain as before calm; traded volumes are small. Raw material prices remained as before.

Exporters offer still at 1500-1550 Usd/mt on FOB Izmir basis for type nr.9 and at 2000-2200 Usd/mt on FOB Izmir basis for organic type nr.9.

The Turkish Lira depreciated slightly and noted today the Usd/TL rate at 14.84 TL (14.36 last week) and Euro/TL rate at 16.24 TL levels (15.64 last week).

Turkey’s total exports range at 138.647 mt until March 12, 2022, which was 128.546 mt last year during the same period. Last week, Turkey exported 4.705 mt sultana raisins, 3988 mt during the same week of the previous Season.

 

Sultana seedless raisin export figures on mt basis  
Season Mt Ø Usd Ø Euro 
2021138.6471.8021.643
2020128.5461.9361.765
Since the beginning of the Season 2021 
Sultana Raisins, Turkey 
Type USD/kg 
RTU-Grade, Type 8, medium1,50
Grade A, Type 9, STD1,55
Grade A,  Type 10, STD1,70
Organic, Grade A, Type2,10
FOB Izmir 

Source:Trade etc.