Turkish Dried Fruit Market Update: Price Trends and Economic Uncertainties

As the extended Ramadan holiday came to an end, the Turkish dried fruit market saw a gradual resumption of activities. Anticipated updates on potential frost damage, expected to arrive soon, together with the TMO's verdict on selling raw materials from the ongoing season, will play a crucial role in determining price movements. Growers holding stocks are keen to sell, but they seek to match their offers with TMO's pricing. Market players currently foresee stable or even increasing prices.

Moreover, the elections scheduled in three weeks contribute to uncertainties surrounding Turkey's financial and economic landscape, resulting in a highly fluctuating lira. Consequently, many exporters opt for daily price quotations. Turkey's incumbent president, Erdoğan, visited the Manisa region during his election campaign, pledging the TMO's sustained commitment to buying raw materials in support of growers. As springtime brings sunny weather and consistent rainfall to Manisa and the rest of Turkey, current projections suggest that frost risks have subsided for this year.