Shipments in October were 7,068 tons compared to 3,325 tons last year
Year to date shipments are 17,359 tons compared to 9,065 tons same period last year.
Average declared price for October shipments of whole apricots was $7022 per ton compared to $9587 during October last year.
Shipments continue to rebound thanks to improved supply and moderately lower prices this season.
Supply of small and medium fruit is tightening as expected given the crop profile. Prices are steady in Malatya having hardly changed since July as supply and demand seem well matched.
The market in Malatya is preoccupied following official announcement that 2 major apricot exporting companies have been placed in court mandated trusteeship (similar to Chapter 11 Bankruptcy). Additionally a number of exporters and traders are reportedly victims of the recent Istanbul stock market fund collapse scandal.