Current crop of Iranian Sayer Dates which is now a 9 months old crop (2013-2014) was a rather large yield crop is terms of volume based on the statistics of crop production all over the country’s southern regions where the Dates Palms normally grow.
At the beginning of the season the current crop enjoyed high demand due to the shortage of the previous crop year. Farmers started to sell large volumes of their crop to the Brokers, Middle-men, investors and exporters. However due to the huge jump in prices -close to 100%- in comparison to previous year. But on the other side, stability of the exchange rate during the last year the exportation of the dates has not been experiencing the growth as expected. Additionally domestic consumption was decreased due to price jump. On top of that large volume crop that was yielded resulted in very slow sales and respectively large volumes were remained unsold with the buying parties. There are hopes that some remaining volume is sold during the month of Ramadan and finally a rough figure of 4000 to 5000 MT to be carried forward.
Exporting Market Status
Sayer Dates: Sales of the Sayer dates to international markets including Europe, Australia and North America has been decreased by almost 15%, also caused by the sanctions on Iran and also the hardship of financial transactions through banks.
Other Varieties: Kabkab, Rabbi, Shawi experienced a better sales and was increased by 15% up to April 2014 and it is expected to increase by at least 10% till the new crop enters the market.
New crop outlook
Iranian Dates new crop has been reported to be in proper condition yet smaller in volume in comparison to the current crop, in major Dates growing regions of Iran.
The main reason of the shortage is reported to be inability of the trees to inseminate due to heavy rain showers by the time of insemination.
The other reason is due to the fact that trees have lost fruits during the fruiting time more than normal size of fruits fall.
Given the above it is expected that the crop size will be larger in term of sizing causing in having more Select size Dates fruits than GAQ and FAQ size. Respectively the crop decrease will have direct effect on the price of the Dates. It is also expected that the carry forward crop will be purchased and consumed domestically due to high prices of new crop.
ARAT Company PJS.
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