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Hazelnuts: chaos persists

December 8, 2022 at 11:00 AM, Der AUDITOR
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ORDU. In view of unsustainable prices, TMO rumours and panic buying chaos is set to persist in Turkey’s hazelnut market.

Panic drives market

While common consensus is that buyers have to tighten their purse this year and that ample supplies of hazelnuts are available, events have toppled expectations in recent weeks. Not only did Turkey’s Competition Board approve an investigation against Ferrero, which is still pending, but rumours also persist that the TMO has purchased less than the officially claimed 200,000 mt of inshells. Although the lawsuit against Ferrero initially gained a lot of attention and the market giant is presently purchasing less, no further developments have

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