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Latest From Andrew Ciclitira
Fluctuations in the value of the Turkish lira against the dollar have had a significant impact on the purchase price of the different types of dried fruits.
Prices of current crop vine fruits continue to firm on the local market and bourse prices are increasing for sultanas as packers look to cover short positions.
This year’s dried vine and dried tree fruit crops are on track for a successful harvest, reports from Turkey continue to suggest.
Californian raisins continue to be very expensive for the UK market, with select grade Thompson seedless raisins quoted around USD1.8 per lb c&f Felixstowe for shipments through until October.
Sharp variations in exchange rates have been one of the major factors affecting prices of dried vine fruits over the past week. The Turkish lira has fallen by almost 20% in value against the US dollar during 2018.
The past week has seen continuing hot weather throughout the Mediterranean which is good news for dried fruit production as this will bring forward the harvest date.