Raisin Prices and the 2024 Season
The Latest on Raisin Prices and the 2024 Season Outlook
As we enter August, the anticipation among farmers regarding the price of dried raisins has been palpable. True to his word, Ferhat Şen, the President of TARİŞ Grape Union, announced the advance purchase price for 7-number dried raisins at 100 TL on August 1st.
Announced Price and Key Insights
In his statement, President Şen emphasized the importance of this pricing decision: "As promised, the announced price is the advance purchase price for 7-number dried raisins. We will determine the prices based on quality at a later date. When setting prices, we consider not only the market prices of raisins but also our country's raisin yield, as well as the production quantities and prices of other producing countries worldwide."
The announcement reflects a commitment to transparency and support for grape producers. "We are pleased to fulfill our promise to our partners by announcing the price on August 1st. This allows grape producers to consider various options for their products, whether for drying, table consumption, or sale to alcohol factories," Şen added.
Overview of the 2024 Season
During the press conference, President Şen also provided a general assessment of the 2024 season. "We expect the dried raisin yield this year to be at the same level or slightly higher than the 2023 crop. The Turkish Grain Board has no remaining raisin stock, and exporters and traders in our region are entering the season without stock. Similarly, we know that foreign buyers are also starting the season without stock."
Given these conditions, Şen anticipates a strong demand from exporters and traders to secure raisins, especially during the initial harvest period. He encouraged producers to be mindful of these dynamics and to support TARİŞ by holding onto their products and ensuring quality.
Implications for Farmers and Exporters
The announcement of the advance purchase price sets the stage for a potentially dynamic season for raisins. With the absence of stock among major players and the expected stable or increased yield, the competition for quality raisins could be intense.
