October Exports: A 39% Leap

Turkey’s apricot exports hit a high note in October, with shipments reaching 9,246 tons, up from 6,630 tons in the same period last year—a remarkable 39% increase.

Year-to-date exports tell a similar success story, with 25,461 tons shipped globally, marking a 37% growth compared to the previous year. These figures highlight Turkey’s dominance in the international apricot market. High global demand for its premium dried apricots drives this success.

Malatya Market: Steady Against High Interest Rates

Malatya, Turkey’s apricot capital, has managed to maintain a stable market environment despite challenges posed by high interest rates. These elevated rates have made financing trickier for packers, leading many to engage in short covering and reassess their stock strategies.

So far, there are no clear signs of weakness in Malatya’s apricot market, which reflects its resilience despite broader economic pressures.

Farmers Hold Stock Until April Bloom

Most growers in Malatya have sold off the bulk of their harvest, keeping only minimal stocks for strategic holding. With the next bloom expected in April, farmers are waiting to release the rest of their stock, banking on favorable market conditions and possibly higher prices.

This holding strategy could help maintain balance in the market, although much depends on the consistency of export trends and upcoming weather conditions.

Market Squeeze: A Looming Concern?

Some packers and importers may be undercovered, sparking concerns about a potential market squeeze if export volumes continue their strong growth.

Should demand for Turkish apricots remain robust, this imbalance could intensify, leading to price pressures. While no immediate squeeze has been reported, the situation is being closely monitored by market participants.

European Buyers Push for Discounts

The strength of the Turkish Lira is adding complexity to export negotiations. European buyers, who typically look to Turkey for competitively priced apricots, are now seeking discounts to offset the stronger Lira.

This has introduced additional tension in pricing discussions, with exporters working to balance the higher production costs and currency fluctuations against buyer expectations.

Conclusion: Opportunities and Challenges Both Together

The Turkish apricot market is poised for continued growth, bolstered by strong export momentum and strategic stock management by farmers. However, several variables—high interest rates, currency volatility, and potential market imbalances—will shape the months ahead. Producers and exporters remain optimistic, banking on Turkey’s reputation for high-quality apricots to sustain demand through the upcoming season.





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