We consider developed turbulence in the Gross-Pitaevsky model, where a condensate appears due to an inverse cascade. Despite being fully turbulent, the system demonstrates nondecaying periodic oscillations around a steady state, when turbulence and condensate periodically exchange a small fraction of waves. We show that these collective oscillations are not of a predator-prey type, as was suggested earlier; rather, they are due to phase coherence and anomalous correlations imposed by the condensate.