Marktinfo

2018-11-26 | Again, the 2018 Iranian harvest is very small. The prices for raw materials have adjusted to Turkish price levels and have increased by 30 percent or EURO 500,00 p.mt over the last weeks, currently at EURO 2.000,00 p.mt! Logistics costs have more than doubled due to an increase in price of diesel and a lack of return freights to Iran! Trucks have to return empty handed. Shipping companies no longer call at Port Banda Abas, eliminating sea transport! Payment transactions are impossible, too. No western bank handles financial transactions. Obviously all due to US economic sanctions.

2018-11-20 | Please find enclosed our price graph for Turkish sultanas. In 2018 price went up from TRY 6,00 p.kg to TRY 9,60 today based on Type 9 raw material. This is about 62,5 % increase. In the same period Turkish Lira lost in value against the USD with about 35 %. Turkish sultanas price appreciation in USD is 27,5%. The EURO lost in value with about 3 % during the last 12 months against USD. Price increase for sultanas from Turkey in EURO is + 30 % until today. The raw material price trend is firm. The Turkish Lira quoted within a range of TRY 4,80 – TRY 6,80. Today we are at TRY 5,30 with some phantasy for growth.

2018-11-16 | Raw material prices for sultanas and raisins are increasing by USD 50,00 p.mt every day. Just after Ramadan on 27 August 2018 we started with an opening price of TRY 7,25 p.kg for Type 9 raw materials. Yesterday raw materials of Type 9 were traded at Izmir Boursa at TRY 9,40 p.kg (see attachment 1). This is the equivalent to an increase of + 30 percent within 3 months.

2018-11-14 | The trade war between the US and China is leaving its marks in the business for oilseeds and dry fruits. Underpinned by a +25 percent increase in shipments of Californian almonds to China in November 2018. China has imposed duties on some agricultural products from the US and is trying to boost cultivation of this products in their own country by offering subsidies to farmers. This development led to a situation that sees more growing efforts of Chinese farmers in soybeans, sunflowers and cotton wool. This happens at the expense of cultivation areas for pumpkins. During our trip to China 2 weeks ago we were able to assess and validate this scenario. In the northwestern regions we saw a decline of up to 30 percent, the northeast saw a decrease in pumpkin harvest by more than 30 percent.