Hazelnuts: carry-over stocks weigh on market

September 28, 2020 at 11:56 AM, Der AUDITOR
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ORDU. Farmgate prices are fastly approaching the levels hazelnut producers in Turkey desire. Last year's carry-overs, however, create a greater price variety for preparations.

Sufficient supplies on the market

Farmgate prices have again risen to TRY 24.00/kg. In some cases, prices of up to 24.50 TRY/kg were quoted last week. This has restrained demand in Europe. The same cannot, however, be said for hazelnut preparations. Since carry-overs range at 80,000-100,000 mt exporters can bridge the time until prices start to decline again later in the season. Stocks are expected to fully suffice to serve the market this season, even if carry-overs amount to 40,000-171,000 mt at the end of 2020/2021. Subdued domestic demand and the increase in pro

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