![]() Turkey was the top supplier of sultanas this season Turkey top supplier of sultanas Suppliers in China uniformly report that sales have dropped this season. They are pointing the finger at Turkey, where prices are at their lowest point in years. The drop in price could be one of the factors which have led to the increased global imports from Turkey in 2016. Sales to Germany even rose by 80% as compared to 2015. Exports to the UK, however, remained on a relatively stable level. ![]() Exports have considerably increased Turkey has so far sold more than two thirds of the 2016 production and buyers are urged to hurry in securing purchases. Almost 125,000 mt have been shipped abroad since the beginning of the season, 40% more than last year. Possible increases in price Turkish prices for raw sultanas have increased to a level of 3.80-4.30 TRY/kg, which has not yet produced any effects on the export prices. The farmers want to gain as much profit as they possibly can from their remaining supplies. Since many suppliers have already closed contracts there currently is no need for buyers to worry about higher prices. The weather conditions in March and April are decisive for the further development of prices in the current season since frost could have a potentially severe impact on the crop. Market participants currently estimate a production of 250,000 mt, which may be less than last season but still satisfactory. ![]() Source: Freshplaza.com 16-feb-2017
1 Comment
8/13/2018 06:13:54 pm
I am not surprised to know that Turkey is one of the biggest suppliers of Sultanas. Turkey is a vast home of different natural resources. From fruits up to the most expensive oil possible, we can find it in Turkey. I am not even surprised that the most of the supplies from international market come from Turkey and other Asian countries because Asia is truly a continent of natural resources. What's good about this is everything is controlled. There may be several price movements from time to time, but the market sees to it that no one will suffer from these hikes.
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