It is 27.949 Tons. (5.342 Usd / Ton FOB)
It was 28.076 tons (4.189 Usd / Ton FOB) on 25.03.2023 (There is a quantity decrease -0.5% and seems that +27.5% price increase compared to last year.
Whole Fig quantity dominance in total exports is 72.90%.
It was 72.90% in the same week last year. Currently the market demand rate seems OPTIMUM.
2) DICED FIGS:
Diced (Cut) Figs Export Figure as of 23.03.2024 (Season to Date)
It is 3.058 Tons. (Total Average 3.695 Usd / Ton FOB) (EU 3.213 Usd / Ton FOB)
It was 2.442 Tons (3.144 Usd / Ton) on 25.03.2023 (EU was 2.705 Usd / Ton FOB) (There is a "sharp quantity increase" as +25.3% and +17.5% price increase compared to last year.
Diced Fig quantity dominance in total exports is 7.98%.
It was 6.34% in the same week last year. The market demand rate is getting HIGHER.
3) FIG PASTE :
Fig Paste Export Figure as of 23.03.2024 (Season to Date)
It is 7.176 Tons. ( 2.102 Usd / Ton FOB) (USA : 2.160 Usd / Ton FOB)
It was 6.865 tons on (1.684 Usd / Ton FOB) (USA : 1.694 Usd / Ton FOB) 25.03.2023 (There is a quantity increase as +4.5% compared to last season, +24.8% price increase compared last season.
Fig Paste quantity dominance in total exports 18.72%.
It was 17.82% in the same week last year. Market demand rate is GETTING HIGHER.
1. NOTE : WHOLE FIGS / From last week to date, instead of sharp export increases, we see that exports of whole figs are getting horizontal. Also, prices are getting higher week by week as we forecast. Our year-end predictions continue the same.
Our end of season average price forecast is that may reach 5.750 USD / Ton by the end of the season.
2. NOTE : DICED FIGS / We see that the diced fig price predictions that we made are still correct. An important reason for the increase is that last season's low sales volumes shifted to this season. Domination is getting higher, export amount is higher than last season and prices are rising.
1) Our (EU) end of season cumulative forecast may reach 3.500 - 3.600 USD / Ton by the end of the season.
2) Our (Global) end of season cumulative forecast may reach 3.900 - 4.000 USD / Ton.
3. NOTE: FIG PASTE : When we see the last three weeks' exports, high volume and increasing prices trend are seen. Price/volume seems volatile
(2.44 USD / TON - 550-600 TONS VOLUME), %85 of this market's demand is from the
USA market. Raw material prices reached their peak three weeks ago. Currently, it is slowly withdrawn in USD terms. 2.01 USD / Kg (23.03.2024) (www.hurdaincir.com)
Our (Global) end of season fig paste cumulative forecast may reach 3.250 - 3.300 USD / Ton by the end of the season.