Nuts

Hazelnuts: buyers shun offers

June 18, 2024 at 11:47 AM , Der AUDITOR
Play report as audio

ORDU. With Ferrero and the TMO eyeing up the new crop the normal dynamics of supply and demand have reappeared for hazelnuts for now at least. News from the orchards has prompted the estimates for the new crop to be revised.

New crop estimates and shift in demand

Surprising as it seems, normal market conditions prevail in Turkey for hazelnuts at present. While the market has experienced crazy developments this season so far, supply and demand dominate the scene for now at least. As the TMO issued ridiculously high sales prices of TRY 124/kg for the 2022 crop and of TRY 130/kg for the 2023 crop uptake has been very low. The fact that the state-run organisation is permitting companies to use credit cards rather than insisting on up-front payment has also failed to stimulate demand.

View related articles

Go to the News Overview
Nuts
Jul 18, 2024
BRUSSELS/ORDU. Given that prices have surged this season it is quite remarkable that EU imports have risen for hazelnuts in the first six months of the year. Suspense is palpable in Turkey with the TMO and Ferrero expected to take decisive action very soon. Offers for the new crop are circulating.
Nuts
Jul 17, 2024
HANOI/NEW DELHI. Vietnam's exports in the first half of 2024 are quite impressive, and many destination countries have increased their purchase volumes. Meanwhile, prices in India remain stable.
Nuts
Jul 16, 2024
SACRAMENTO. Opinions may be contradicting but June was a very strong month for US almonds. With the season in its final stages concerns are being voiced over remaining supplies and the state of the new crop.
Nuts
Jul 15, 2024
NEW DELHI/BUENOS AIRES. In India, peanut prices continue to fall with the prospect of a good crop. Demand in Argentina is good, while Brazil is struggling badly. In the USA, the weather will prove decisive.