Shipments Up 39% again !
- Exports in October were 9,246 tons compared to 6,630 tons last year, an increase of 39%
- Exports year to date are 25,461 tons compared to 18,569 tons last year, an increase of 37%
At this rate we will comfortably sell this crop.
Market is steady in Malatya, high interest rates are deterring packers short covering/stock taking for now but we dont see any sign of weakness. Most growers have sold what they needed to, and will hold onto what is left until bloom in April.
Packers and importers may be under covered and that could result in a squeeze especially if exports continue at such a strong pace.