Chinese Sultanas Market Update 04.06.24

With prices for sultanas from Turkey being very high, more and more customers are turning to Chinese origin as a cheaper alternative. The increased market activity has encouraged Chinese farmers to dry more of their grapes into sultana raisins to capitalise on the new interest. The new crop yield is estimated to increase from 50,000 tons up to 80,000 tons. Despite this jump, the quantity is still not enough to supply all demand and so competition is fierce to get raw material. This in turn will keep increasing the price.

The lack of shipping routes to Europe means that sea freight rates keep rising, and the transit time is sitting around 50-60 days. The high sea freight situation will most likely last until October, so considering this it's advised to confirm your new crop orders as soon as you can.

via Kingland