– As previously reported, stocks in origin are extremely low and any uncommitted stocks for shipment, afloat or in stock in the USA / Europe – are in rapid decline.
– Prices on Turkish apricots have stabilised since our last report both reflecting the weak Lira against USD cross rate, as well as confirmation that new crop was good – likely 110,000mts +/-.
– Gloomy news to report from Greece:
Rains during harvest appear to have taken at least 3000mts off the new crop and with only limited carry over, this crop reduction will cause genuine problems to supply for this season.
Mark Setterfield – November 2016
– An extremely large August shipment report (domestic and export sales from California during the month, compared with August ’15) showed a 34.8% increase in business (170m v 126m) and this immediately brought some strength to the market.
– Likely pricing for 2017 and certainly the short-medium term trend towards next year, will be largely known and decided over the next 2 months by the weather across the vast growing areas of the southern United States and down into Mexico.
– Turkish sultana pricing has been increasing over the past week as rumours abound about government intervention and enticing buyers into the market to take renewed cover into 2017.
Mark Setterfield – October 2016