Thursday, April 24, 2014

Update : Turkish Apricots

There's been more information regarding the Turkish apricot market.

The temperatures measured throughout Turkey during end of March has ranged from -6.9 C to 7.8C.

According to evaluation by Malatya Provincial Directorate of Agriculture on every region, the frost average is between 90% - 95%.  Across the province, the effect on fruit trees are considered "disaster".

Most exporters are expecting 2014 current crop to be 10,000 MT maximum.  With carryover from 2013, it will be less than 30,000 to 40,000 MT.  Normal crop size would expected to be at 100,000 MT.

The prices have skyrocketed within the last few weeks.  While we do remain hopeful, we are encouraging our heavy volume buyers to begin taking positions for Q3 and Q4 needs.  The main issue will not be pricing, but availability of the crop, as most of the current harvest is consumed in Turkish domestic market

Please contact us for contracting options and availability.

Thank you.

-T. Kim

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