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Market Reports

Turkish Apricot Update 07/12/2021

  • Exports in November were 8,795 tons compared to 8,897 tons in October and 9,676 tons last year in November.
  • Year to date exports are 37,470 tons compared to 34,767 tons last year. 

Exports continue to be strong even now many of the old cheaper contracts have completed.

We believe that 50 to 60 % of the available tonnage has now been shipped. The remaining stocks of sulphured apricots are on the whole committed for export and domestic consumption over the next 8 months. 

The Lira took us on a wild ride of volatility during November with daily swings of 10%, overall loosing 42% of its value over the month. The Lira seems to have settled at least in the short term around 13.7 to the $.

This collapse triggered strong demand from uncovered buyers, and the Lira raw material prices reacted fairly fast, increasing around 30% so far, we expect a further rise of 10% or more in the coming days. Apricot FOB prices briefly fell from around $6500 per ton to $5000 and are now back up towards $6000. There is however almost no raw material coming to market and no sellers.