Raisin Prices in Turmoil: Will Rain and Market Shifts Impact Farmers Hopes?
The effect of rain continues on raisins in Manisa. Raisin prices could not maintain the level they had at the beginning of the season. This decrease worried farmers and many farmers started to make forward sales. Some producers aim to see the target figure of 5 dollars as of the new year and do not sell their products.
While number 8 and number 9 grapes were sold at the same price at the beginning of the season, the difference between the two numbers has widened considerably, now number 8 grapes are asked for 3300 dollars, while number 9 grapes are sold for export for 3500 dollars. Raw material prices are at the level of 120 TL or 3,51$ but it is aimed to be 320 TL or 9,35$ at the beginning of the new year.
Although this seems difficult for now, exports in the last 3 months of the year will determine the situation. However, organic raisin prices continue to increase, raw materials were sold for 130 TL or 3,80$ last week. It seems that these increases and decreases will continue throughout October.
Click here to reach our trading platfrom CMBroker
While number 8 and number 9 grapes were sold at the same price at the beginning of the season, the difference between the two numbers has widened considerably, now number 8 grapes are asked for 3300 dollars, while number 9 grapes are sold for export for 3500 dollars. Raw material prices are at the level of 120 TL or 3,51$ but it is aimed to be 320 TL or 9,35$ at the beginning of the new year.
Although this seems difficult for now, exports in the last 3 months of the year will determine the situation. However, organic raisin prices continue to increase, raw materials were sold for 130 TL or 3,80$ last week. It seems that these increases and decreases will continue throughout October.
Click here to reach our trading platfrom CMBroker