Nuts

Hazelnuts: buyers advised to plug their ears

October 16, 2023 at 11:55 AM , Der AUDITOR
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ORDU. Panic persists over the size of Turkey’s hazelnuts production. Although the crop failed to match initial estimates this year, suppliers are more worried about the future. Prices may have turned but the Anuga food and beverage fair showed that not everything is quite as bad for exporters.

Ridiculous manipulations

Speculations continue over the crop size with the USDA most recently pegging Turkey’s production at 600,000 mt. The most ridiculous claim voiced by companies with pre-season stocks or purchases is that 60% of the crop is gone and that the crop size cannot possibly exceed 400,000 mt, which is why Ferrero will declare a price of TRY 110/kg. Yet, experienced suppliers advise buyers to plug their ears to such guesstimates and manipulations. Issue is that it is simply impossible to gauge the exact size at present and it should be noted that

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