CATZ INFO – DRIED FRUITS
The markets have become more active in the last week. Now the outcome of most crops on the Southern Hemisphere is known, buyers and sellers are making up their minds.
We see not only crops are getting larger, but also demand is increasing for most of our products, so prices are mainly moving sideways with a few exceptions.
The Turkish Lira was rather volatile the last days. Within a range of about 8% it went up and down, making life difficult for those involved as a trader of Turkish products.
Last week frost was the key-word for the Turkish apricots. In the higher situated orchards some damage was reported in the vulnerable stage of the blooming of the trees.
With 30 to 50% of the trees in full bloom, it seems to have had some impact, but meanwhile temperatures are well above the critical 0 degrees Celsius, so it is likely no major loss of the crop will occur.
Nevertheless most sellers are withdrawn temporarily in attendance of the assessment of the damage which may have hit the trees.
It is too early to say the market will firm, but for sure the Turkish shippers will be careful to sell at the moment.
Due to the general shortage of Chinese apples, the prices remain firm. The slow arrivals of shipments from China result in tight stock-positions in Europe and limited offers.
With a new crop, which may bring some relief, only available at the end of this year, we advise to have a look at your needs till that time.
Other origins like Chile and Italy are still well above the Chinese levels, in spite of the higher levels from China.
The market remains firm with limited availability in our market. Slow and delayed shipments – new orders only taken for shipment from June/July onwards – have raised the prices.
Spot material is scarce and sold at higher prices. We do not expect any improvement till second half this year, if at all.
South Africa is on hold selling further quantities of currants. The disappointing crop of by far less than 2000 tons made sellers very reluctant to offer.
The Greek prices also remain very firm as in total the worldwide crop, actually only Greece and South Africa, will not be able to meet demand.
It may be expected industries will switch to alternatives by changing their recipes for small sized raisins.
As we have seen some years ago, Thai shippers only accept limited quantities of pineapple and papaya in combination with other fruits. Full loads of these products are not accepted.
We therefor will see within the coming months tight positions of these products at firmer prices.
Though in quantity not comparable, also for ginger there are shortages reported and only limited quantities on offer.
The Chilean processors at the moment are sizing the prunes and in general the conclusion is the average size is smaller than expected.
It may therefore be no surprise prices are firming and even some shippers are withdrawn to offer.
As a larger than expected quantity of fresh plums have been sold to China, we may see a further rise of prices during the season.
South Africa is reporting a serious drop in the quantity of golden raisins. Instead of the usual +20K tons there will be less than 10K available, meaning 50 to 60% less!
Shippers do only offer container wise, as they first wish to see what gets in. Meanwhile they are offering the farmers higher prices to get material in, as they need their factories running.
No doubt this will lead to higher prices for goldens. Though the crop is slightly lower than last year, it means Thompsons will be more available.
The Californian offers for Thompsons have come down, as a result of a decline is export by about 30%, which made producers somewhat nervous and trying trigger sales at discounted prices.
Chilean offers for jumbo sized fruits remain firm, simply due to the fact there are less jumbo raisins available, The average size is down, so we may see for a change a firmer market during the season.
Meanwhile prices have increased by about 10% compared to the opening prices.
Turkish sultanas are somewhat firmer, at least at the local market, but export pricing takes advantage – at this moment – of the weaker Turkish Lira.
The market for Californian walnuts is somewhat slow. Prices for shelled walnuts in general are stable except for Chandler higher end qualities, which are getting scarce.
For inshells we see a rather firm market now Asia and Turkey have bought heavily after not being a buyer in the beginning of the season.
Chilean opening prices were more attractive than last year. As they have to move another record crop, buyers are not yet nervous they will miss an opportunity.