The global dried figs market has entered a period of notable calm, reflective of cultural and seasonal slowdowns. With Turkey and Iran, the world’s major fig exporters, observing the Bayram Holiday, trade activity and market news have come to a near standstill. Prices for Turkish dried figs, both natural and Lerida grades, have remained unchanged, demonstrating remarkable stability. This pause comes after a mild softening in Iranian prices, now holding steady as Turkish exporters are largely inactive. Consequently, the balance between supply and demand is expected to remain unchanged in the short term, with market participants largely pausing fresh activity until trading resumes in earnest after the holiday.

The steadfastness in prices during periods of low liquidity highlights the underlying fundamentals of a market that continues to benefit from solid demand and tight, but not critically low, inventories. As attention now shifts to upcoming weather developments in key Turkish production areas around Malatya and Aydin, any deviations from the benign current outlook have the potential to impact both yield prospects and future price direction. With global buyers monitoring both Turkish and Iranian offers, whose slight discounts versus Turkish figs may begin to attract greater interest, a quiet but potentially pivotal phase is unfolding. All eyes remain on post-holiday trading as the next key inflexion point for the market.

📈 Prices: Latest Dried Figs Market Quotes

🌍 Supply & Demand Situation

• Turkey remains the world’s dominant dried fig exporter. The current lull is entirely holiday-driven, not supply-related.
• Iran offers significant price discounts; price declines there have stabilised, and demand remains strong for lower grades.
• Logistics and shipping out of Turkey and Iran are expected to normalise after the Bayram period, with fresh trades anticipated for the new crop.
• Solid demand from Europe and Asia is continuing, but with most contracts for this crop year already secured.

📊 Market Fundamentals & Drivers

• Market in neutral territory due to widespread holiday inactivity; liquidity thin but not pressured.
• Inventories in Turkey are below average but not critical, supporting current price levels.
• Iranian price falls have paused, possibly due to traders holding stock ahead of summer demand.
• Weather conditions in Turkish producing regions remain favourable for now—good moisture, moderate temperatures, no heat/drought alerts reported.
• No interventions or new regulatory/export news.

🌦️ Weather & Regional Outlook

• Malatya & Aydin, Turkey: Weather outlook forecasts mild, dry conditions through the week, ideal for fig maturation. No storms or excessive rainfall expected. This supports stable yield potential moving into the summer harvest window.
• Tehran, Iran: Also dry, slightly above-average temperatures. Fig crop entering summer with adequate soil moisture; yield risks are minimal in the short term.
• Should a heatwave or unseasonal rainfall arise post-holiday, price response could be rapid given the currently thin market.

🗺️ Global Production & Stock Comparison

• Turkey: 2024/25 forecast around 75,000 tons (dried figs), with exports typically accounting for 70 %+ of production.
• Iran: Estimated 22,000-26,000 tons (dried figs), mostly lower grades; domestic and export stocks stable after recent sell-off.
• Other Exporters (USA/Spain): Niche/limited volumes; not strong price setters.

📝 Trading Recommendations & Key Insights

• Expect thin liquidity and flat prices until the end of the Bayram Holiday; market direction will resume when Turkish activity normalises.
• Buyers: Secure only urgent shorts or substitute with Iranian products ifa  significant price advantage is available.
• Sellers: Hold offers firm as the market is not pressured; reassess after updated weather and post-holiday trading restart.
• Watch: Weather in Malatya/Aydin (Turkey) for any surprises; Iranian market for further price weakening or renewed demand.

📅 3-Day Regional Price Forecast (FOB)