Price: €11.00
Member Price: €0.00

Hazelnuts: buyers are not amused

February 27, 2024 at 12:03 PM , Der AUDITOR
Play report as audio

ORDU. As hazelnut prices have hit an all-time high in Turkey buyers are far from amused. Ferrero’s recent bids have given rise to chaos at the most inconvenient time possible for suppliers returning form the Gulfood exhibition in Dubai.

Crazy price movements

Although last week’s Gulfood exhibition mainly attracts visitors from India and Pakistan, which are not leading hazelnuts importing countries, the trade fair does provide important insights into how demand will play out in the second half of the season. Recent events have, however, left attending hazelnut suppliers from Turkey absolutely stunned. Trouble is that crazy prices movements made it impossible for them to have fruitful talks with potential customers.

Thing is that prices rose to unprecedented highs after Ferrero shifted

View related articles

Go to the News Overview
Nuts
Jul 9, 2025
MANILA. Although the coconut market continues to face considerable hurdles, prices for desiccated coconuts and coconut oil are proving surprisingly resilient. The Philippine government wants to support the industry.
Nuts
Jul 9, 2025
PHNOM PENH/ACCRA. While Cambodia and Vietnam are celebrating rising export figures, processors in Ghana are increasingly concerned about their industry. EU cashew imports have increased year-on-year.
Nuts
Jul 8, 2025
CAPE TOWN. South Africa, the world's leading macadamia producer, plans to potentially double its production over the next ten years. The outlook is good, but there are also some hurdles to overcome.
Nuts
Jul 7, 2025
NEW DELHI/BUENOS AIRES. While sowing is being expanded in key Indian growing regions, Argentina is attracting buyers with favourable prices for feed peanuts. Export prices in India remain largely stable.