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Good apricot supply

This article was originally published in Foodnews

ESTIMATES for the new Turkish apricot crop indicate that output will top 100 000 tonnes. Since the danger of night frost has passed in the growing region of Malatya, the majority of producers have put the figure high, although a few have said it could be as low as 60 000 tonnes. Traders have pointed out that if the expected availability is compared with the yearly demand, no drastic shortage will occur. Farmers have received high prices for the past few crops and expect to continue to receive strong global demand for their apricots. According to a trader, this is not the right mentality: "They do not know about the credit crunch, price elasticity etc and think by keeping prices high the market will firm again."

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