Dried fruit pricing

24 September, 2010
Page 13 

Coconut:

Prices this year have continued to climb steadily and recently settled around 25% higher than at the start of this year.

Raisins:

The vine fruit markets have been experiencing something approaching meltdown over the past two months. Total crop has been downsized by over 20% and the rains during harvest have affected Turkey's capacity for optimal production. In California prices are now extremely firm.

Sultanas:

Turkey has seen a major reversal of its view on its new crop as well as its subsequent and predictable price increases. Despite very hot temperatures, Iran appears to have produced a good total crop of around 150,000mts and China's crop of around 50-60,000mts is largely sold out.

Currants:

Greek currant prices are firming. Although there was a negligible carry-over from the 2009-10 season, the good news is that the new crop should be around 30,000mts, meaning that future currant pricing shouldn't be too much higher than at present.

Apricots:

Prices are currently some 35% higher than those at the start of 2010. Earlier frosts had caused considerable damage and appear to have reduced total production to 25,000mts, plus or minus lower than worldwide demand requires.

Prunes:

With reduced Chilean and Argentinean crops this year, and with prices on prunes looking extremely attractive comparatively against other tree fruits, it seems difficult to imagine prune pricing going anywhere other than north.

l Based on information supplied by ingredients supplier RM Curtis





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