Nuts

Hazelnuts: carry-over stocks weigh on market

September 28, 2020 11:56 AM, Der AUDITOR
Play report as audio

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

View related articles

Go to the News Overview
Nuts
Jan 20, 2022
SACRAMENTO. Transport problems had caused many US exporters to miss the important Christmas business. High prices had also initially deterred buyers, but have now returned to a more attractive level.
Nuts
Jan 19, 2022
SACRAMENTO. As logistics are still an issue US almond exports have slowed for the fourth consecutive month in December. Total shipments declined by 17% between August and December.
Nuts
Jan 19, 2022
HANOI/NEW DELHI. Even though prices for Indian cashews are approaching a more attractive level again, suppliers there will have a hard time keeping up with the competition from Vietnam and African growing countries. Vietnam achieved a new export record in 2021.
Nuts
Jan 12, 2022
SUCRE. After production proved disastrous in 2021/2022, hopes are high that things will improve in 2022/2023. Heavy rains may, however, be decisive. Anticipations for the new crop have also hit Europe.