In August 2018, Aegean Exporters Association estimated Dried Figs Crop 2018 as 80,000 MT, which showed that crop size is almost same as the previous year.
The main problem this year is nearly 30,000 MT of the figs are industrial quality – due to very high temperatures and humidity (also causing higher aflatoxin) on August followed by heavy rains.
As it is harder to find a good quality figs, raw material prices doubled in local currency, but very weak Turkish Lira repressed this high increase so prices are more or less the same on US Dollar basis – compared to previous crop prices.
We are seeing a very high price difference between 1st and 2nd quality figs which is really confusing buyers in the market. We suggest everyone to be careful about the quality of figs offered to them and be cautious if you see offers out of the market price range.