Nuts

Hazelnut kernels: Rumours are bringing the market to a boil

November 21, 2016 at 1:37 PM , Der AUDITOR
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ORDU. The Turkish hazelnut market was once again really stirred up.

According to rumours, the TMO (Turkish Grain Board) and the Agricultural Credit Cooperative have begun to plan intervention purchases. The reason for same are supposedly raw hazelnut prices which fell from 15 TRY/kg to 9.75 TRY/kg this season. It should be remembered that it had been decided by the government in 2009 already that prices for hazelnuts would be determined by the free market.   

Buyers taking no risk
A good many buyers reacted to that and have covered their requirements for hazelnuts after all, which had prices shoot upward. Now it remains to be seen if that was only a short-term high, or if prices will actually solidify at the higher level. Market participants are figuring on a lagging demand now because of good sales in the last week, which could also cause prices to decrease again.

Turkish hazelnut kernels

product

EUR/kg

natural, 11-13 mm 

7.41

diced, 2-4 mm 

7.88

meal, 0-2 mm 

7.57

Hazelnut paste

6.81

DDP Germany

Attached Files

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hazelnut kernels, natural, 11 to 13 mm, 16.1-4

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