Price: €11.00
Member Price: €0.00

Hazelnuts: from bad to worse

June 23, 2022 at 11:39 AM , Der AUDITOR
Play report as audio

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

View related articles

Go to the News Overview
Nuts
May 22, 2025
ORDU. In Turkey, the official INC estimate for hazelnuts has come under fierce criticism. Exporters, farmers and buyers in Europe and China are seizing their chances.
Nuts
May 22, 2025
PALMA. With local processing on the rise Africa is becoming an increasingly attractive supplier for cashew kernels. Data presented at the International Nut and Dried Fruit Council Congress also show that production will decline this year. Trump’s tariffs are having quite an impact on trade relations with Vietnam and sourcing in China.
Nuts
May 21, 2025
CAPE TOWN/PALMA. The INC production estimates for macadamia nuts paint a positive picture for 2025. In Kenya, the export ban on unshelled nuts remains in place, while demand in the EU has fallen significantly.
Nuts
May 20, 2025
SUCRE/PALMA. Looking at the latest INC estimates, it becomes clear that the Brazil nut crop will experience a dramatic decline in the 2025/26 season. This is likely to significantly exacerbate the already prevailing raw material shortage.