- Exports in June were 5,067 tons compared to 4,277 tons last year.
- Year to date exports are 84,324 tons compared to 92,474 tons last year.
- Average export price in June for whole apricots was $3788 FOB compared to $2837 last year.
We calculate total supply at 99,000 tons from the 2020 crop. We are going to close the season near to 90,000 tons of exports, and 7,000 to 9,000 tons of domestic consumption. No carryover.
The Malatya Borse announced their crop estimate at 86,039 tons. This is exactly what we had predicted in our report last month. Given the lack of carryover we now have the lowest supply situation since 2015.
Harvest is underway, quality so far looks good with a good mixture of sizes and low blemishes. Raw material for dicing is going to be in very short supply.
There is a meeting between the exporters, the Borse and TMO on Thursday. Packers are looking for an indication of what price the TMO will buy at before offering as there is no buffer stock to cover any sales at this stage and no way of pricing new crop. Farmers expectations are very high.
There is a long holiday in Turkey from the 15th to 26th of July, we expect to start to see new crop come to market after the holidays.
