News

Michael

Apr 16, 2025

📊 Apricot Market Analysis: Frost Impact and Rising Prices Amid Export Demand

📊 Apricot Market Analysis: Frost Impact and Rising Prices Amid Export Demand

📈 Market Overview: Apricot Prices and Trends

The apricot market is currently facing significant volatility due to adverse weather conditions in Malatya, a key growing region. Recent frosts have led to substantial crop damage, causing many trees to shed their fruits prematurely. This has resulted in unstable local sales and exports, with current prices significantly lower than expected. The Minister of Agriculture and Forestry's visit to the affected areas highlights the severity of the situation, with a promise of state support to the farmers.

European demand will play a crucial role in the coming days, potentially driving prices up from the current average of 250 TL. The market sentiment is cautious but anticipates an increase in prices due to reduced supply.




📊 Current Market Prices




📉 Key Market Drivers

  • Severe weather conditions in key producing areas.
  • State interventions and potential financial support for affected farmers.
  • European market demand and export potential.





⛅ Weather Forecast – Malatya Region

The upcoming weather forecast for Malatya indicates mild temperatures with no immediate threat of frost, which may stabilize the remaining crops and support recovery efforts.




🔮 Price Forecast – Next 3 Days

Given the current market conditions and upcoming weather, prices are expected to stabilize with a potential increase if European demand strengthens. Immediate price range forecast for dried apricots is expected to fluctuate between $4.00 and $6.30, depending on quality and organic certification.




📌 Conclusion & Strategic Recommendations

  • 🛒 Buyers: Monitor the market closely for any sudden changes in price due to state support or changes in export demand.
  • 🏭 Sellers: Consider securing contracts now before potential price increases.
  • 📊 Traders: Keep an eye on weather reports and government announcements for strategic positioning.
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