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Turkey reports lower sultana shipments but prices rise due to tightening supplies

September 18, 2020

1 mins read

Turkish traders exported fewer sultanas in the 2019/20 marketing year (September to August) compared with the previous year, amid COVID-19 constrained demand from Europe, Turkey’s main buying region. Turkey exported a total of 247,200 tonnes of dried grapes in 2019/20, a decline of 2% year-on-year (y-o-y), despite the annual sultana and raisin production increasing by 15% y-o-y, to 305,000 tonnes. Turkish sultana exports also fell by 11% y-o-y during the first two weeks of the new campaign in September 2020 to 9,030 tonnes.

Turkish 2020/21 sultana and raisin output is estimated at 271,000 tonnes, down 12% y-o-y, following hail damage and heavy rains in Manisa region earlier in June, coupled with labour shortages during the harvest over worker’s concerns of the coronavirus.

For the new season crop, the Turkish Grain Board has increased its purchasing price for type 9 sultanas to TRY 12.50/kg, from TRY 10/kg in 2019/20, an uplift of 25%. The Turkish Grain Board (TMO) has also announced its intentions to buy a minimum of 50,000 tonnes of sultanas this year to support the domestic dried grape market.

In the wake of the tighter availability, the Mintec Benchmark Price of Turkish sultanas delivered CIF Northwest Europe rose 6% in the four-week period to 9th September, to $2020/tonne.

Jara Zicha
Jara Zicha

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