IRANIAN RAISINS CROP REPORT
APRIL 20TH, 2014
Current crop year -2013 crop- for Iranian raisins including sultanas and Thompson seedless raisins, was relatively a low yield year as the crop was reduced by %10 to %15 lower than an average crop yield. Yet in terms of quality, Iranian raisins experienced harvesting a sound crop with minimum volume of defected goods both in chemical and physical damages.
Exports figures out of Iran for the current crop for the past 7 months was approximately 72,000 MT (Inclusive of all types of raisins such as Sultanas, Thompson and golden raisins) and considering the domestic consumption, approximate additional 40,000 MT of exportation is anticipated for the next couple of months prior to new crop’s harvest in September 2014. Given this fact, the carry forward from the old crop will be close to zero.
Considering the huge price jump of Turkish sultanas at the beginning of the crop year of 2013 which caused Iranian domestic raw material market to be the target of many Turkish producers’ raw material supply source as many of them started to purchase Iranian crop as a replacement for their highly price raw material. The high demand along with Iranian exporters’ demand in new crop caused another wave of price jump in Iranian raw material market and forced Iranian raisins exporting prices to follow the same up-going trend as Turkish prices.
This fact was the main reason that many American and European clients reconsider their regular annual purchase routine from Iran and Turkey and some switched to California Raisins which in dramatic reversal of fortune has become the cheaper resource. Californian Raisins on the other hand, experienced a high production volume helping the US exporters offering relatively cheaper prices in the market leaving Turkish and Iranian Sultanas prices higher than market and out of competition. This trend has finally caused the prices of both countries to reduce and adjust for the past 45 days which is still ongoing.
The demand for light color Sultanas from the two emerging market of Russian and Ukraine is getting stronger and the exportation figures to these two markets are going up each year. Additionally, Persian Gulf region countries are biggest consumers of Iranian Golden Raisins and in view of the fact that the market is warming up for the very high demand during the month of Ramadan, it is foreseeable that there will be no carry forward for light colored sultanas and raisins as well.
It is predicted that new crop of Iranian sultanas and Raisins will be supplied with relatively more competitive prices than Turkish raisins to main global markets in North America, Australia & New Zealand and Europe for the 2014 crop. This fact can be backed up by the recent drought in California which threatens the new crop of Raisins in California and may cause a serious damage to the harvesting volume in Late August this year.
News and updated from Iranian grapes growing regions such as Malayer, Ghouchan, Takestan, Urumiyeh and Azerbaijan gathers that the current crop is expected to be relatively bigger than the current crop. If the weather condition stays normal without any harsh condition such as hailstorm or freezing weather till mid-May, then a crop size of approximately 180,000 MT of raisins can be expected which about 150,000 MT is likely to be exported throughout the year of 2014.
With an eye on the crop reports coming out of Turkey stating a large volume crop, it is not far from imagination to see lower opening prices for the new crop from both neighbor countries which will be much competitive to US and south African raisins prices.
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