Trading activity is rather sluggish this week as there are only isolated spot enquiries. In addition, the Turkish currency is quite unpredictable this week.
Turkish dried fruit exporters have shipped 56,695 mt of sultanas and raisins overseas since the start of the season, about 21% less than last year at this time.
Despite higher farmgate prices, Turkish sultanas are able to assert themselves in terms of price on the international dried fruit market thanks to the weak lira, but this does little to change the lack of demand. Meanwhile, exporters are unsettled by the strong currency fluctuations. The price indications remain at last week's level, but adjustments can be made at any time.
Market players from South Africa are currently reporting good crop prospects. As the harvest is likely to be delayed this year, experts expect that producers will prefer to produce sultanas and golden raisins, as the resulting shorter drying period may be too short for a larger quantity of Thompson raisins.