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Hazelnuts: from bad to worse

June 23, 2022 11:39 AM, Der AUDITOR
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ORDU. Attention has certainly shifted towards the new hazelnut crop in Turkey. Demand is frustratingly low and suppliers are using creative means to change this. Things will, however, turn from bad to worse for many hazelnut manufacturers in Turkey.

Domino effect to hit market

With only a few weeks left until the harvest speculations are running wild with reports and unofficial estimates suggesting that the crop will be smaller than anticipated. Suppliers, however, dismiss such claims as rumours and urge buyers to be cautious. There are far more serious issues to consider.

Turkey’s economic situation will certainly create a domino effect in the next few months that spells disaster for many companies in the hazelnut market. Problem is that credit rates have risen sharply. Interest rates for mortgag

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