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After a long bank holiday, the first working day due to the religious Sacrifice Festival in Turkey was calm. Province Manisa enters an extremely hot week with temperatures above 42°C while heavy rainfalls are forecasted for the Black Sea region.

Market players stated that the exporters are purchasing raw material from TMO since the current sales price of 11,90 TL/kg for type nr.9 will be valid until the end of July. It is not clear yet what TMO’s sales prices will be during August. The harvest of the new crop is expected to start within 2 weeks. Farmers are now focused on the price that TMO will announce for the new crop. Explanations on when TMO will start buying and what the prices will be are eagerly awaited.

Official crop estimation studies are expected to start this week and to be finalized within one week. Market players stated that the vineyards are in good condition so far, but the exporters prefer still to wait to give offers for all types, but the price of 1.600 USD/mt on a FOB basis for type nr.9 remains as before. There were no raisin exports last week due to the holiday. The difference between last year’s exports and current exports increased therefore up to 27.000 mt.

Quotations Sultana Raisins, Turkey, crop 2020
Type USD/kg
Type 8, Std. Grade A 1,60
Type 9, Std. Grade A 1,60-1,65
Type 10, Std. Grade A 2.05
Type nr .9 Organic, Std. Grade A 2,65
FOB Izmir

The USD/TL rate is at 8,54 TL (8,58 last week) and Euro/TL rate at 10,10 TL levels (10,14 TL last week). The total exports until 16 July 2021 were 199.603 mt, which was 223.444 mt last year during the same period. Turkey exported last week 4.410 mt of sultana raisins which was 3.704 mt during the same week of the previous season.

Seedless dried raisins exports on mt basis
Season 2020/21 2019/20
Amount 199.543 227.517
From the beginning of the season

Source: Trade

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