News & Updates

Sultana Raisins: TMO stops purchasing

by | Nov 30, 2021 | Dried Fruits, Raisins

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Market players informed that TMO had sent an SMS message to all the sultana raisins growers last week, informing them that as of 30 November, TMO will stop purchasing sultana raisins due to the price increases at the market. Sultana raisins are currently bought at 12,50-13,50 TL/kg for a short time, leading to the fact that TMO has concluded that there is no need for intervention purchases anymore. Another point is that many growers have already delivered their products to TMO, meaning that there is not much left at the farmers. This could also be seen from the slowed deliveries to TMO since last weeks, as the market prices were almost at the same levels. The goal has been achieved according to TMO.

While exporters continue to offer sultana raisins at 1500 Usd/mt levels, market players informed that some exporters have reduced their export prices further to 1400-1450 Usd/mt due to the continuing depreciation of the TL. Also, organic sultana raisins are now offered at 2150-2200 Usd/mt on FOB basis. But the demands remain poor from abroad. Exporters expect an increase in the orders in the New Year nevertheless.


Market players stated that there is, therefore, uncertainty in the markets regarding the status of the Turkish Lira, today the Usd/TL rate noted at 12.81 TL (11.42 last week) and Euro/TL rate at 14.44 TL levels (12.85 previous week), meaning again a depreciation of almost 12% compared to the last week.

Turkey’s total exports range at 73.023 mt until 27 Nov. 2021, which was 73.301 mt last year during the same period. Turkey exported last week 5059 mt of sultana raisins, which was 5754 mt during the same week of the previous Season.  

Sultana seedless raisin export figures on mt basis  

Season 

Mt 

Ø Usd 

Ø Euro 

2021/22

73.023

1.822

1.616

2020/21

73 301

1.913

1.697

Since the beginning of the Season 2021 

Sultana Raisins, Turkey 

Type 

USD/kg 

RTU-Grade, Type 8, medium

1,50

Grade A, Type 9, STD

1,40-1,50

Grade A,  Type 10, STD

1,70

Organic, Grade A, Type

2,20

FOB Izmir 

Source:Trade etc.

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