market-update Nr. 68-2023 New Crop Sultanas

2023-10-31 | Status report:  New harvest Turkish Sultanas 

The crop size is now trading at only about 180,000 MT. Last year, we ended with 340,000 MT. Exports are only marginally lower at 48,565.33 MT compared to 50,468.87 MT in the same period the previous year, even though we are likely to be short of about 60,000 MT quantity for export. The average price has increased from USD 1,646.00 p.MT FOB in the same period last year to USD 1,833.00 p.MT FOB. Today, conventional type 9 sultanas are traded at about USD 2,550.00 p.MT FOB based on TRY 60.00 p.kg for the raw material.