News & Updates

Sultana Raisins: Risky April, Snow in Manisa

by | Apr 12, 2022 | Dried Fruits, Raisins, Sultanas

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After temperatures exceeded 20 C last week, Turkey started the week with a cold and rainy week, while snowfall started in the evening hours in the high places of Manisa, and temperatures dropped by 10 C. However, the cold weather will leave its place to warmer temperatures tomorrow. According to forecasts, the temperature will rise to 17 degrees tomorrow and 20 degrees on the weekend. April remains risky

As in the whole World, Russia’s military operation against Ukraine, which has been going on now for about 50 days, is seen in Turkey as contrary to international law, a heavy blow to the region’s peace, tranquility, and stability. Turkey regrets that Russia and Ukraine have come face to face in this way and supports Ukraine’s struggle to protect its territorial integrity. Turkey has chosen its side by declaring that it will continue to fulfill its obligations as a NATO ally, as it has done so far.

As before, the sultana raisins market is still very calm also due to the Ramadan, but exports are continuing at a high tempo. Market players informed that the Turkish Central Bank will announce the fourth interest rate decision for 2022 on Thursday, April 14 at 14.00. According to the surveys, the interest rate is expected to remain constant at 14 percent.

The transactions at the Commodity Exchange in Izmir remained calm, and traded volumes are minimal. 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 remained almost at the same level as last week and noted today the Usd/TL rate at 14.73 TL (14.70 last week) and Euro/TL rate at 16.10 TL levels (16.14 last week).

Turkey’s total exports range at 157.427 mt until April 09, 2022, which was 142.071 mt the previous year during the same period. Turkey exported 4.652 mt of sultana raisins last week, being 2.470 mt during the previous season’s same week.

Sultana Raisins, Turkey, crop 2021
Type USD/kg
Type 8, Std. Grade A 1,50
Type 9, Std. Grade A 1,55-1,60
Type 10, Std.Grade A 1,70
Type nr .9 Organic, Std. Grade A 2,10
FOB Izmir
Seedless dried raisins exports on mt basis
Season 2021/22 2020/21
Qty (mt) 157.427 142.071
From the beginning of the season

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