Hazelnuts: China axes demand

April 28, 2022 at 12:06 PM , Der AUDITOR
Play report as audio

ORDU. With May around the corner attention is shifting towards the new hazelnut crop in Turkey. Although things are quite encouraging at present, China’s zero-Covid strategy is giving suppliers headaches. Ferrero’s response to the TMO’s attempt of lifting prices will also shape the market in the weeks to come.

TMO’s dilemma

Next year’s general elections have placed the state-run organisation in a difficult position. Although traders and exports have shunned the recent TMO offer for raw hazelnuts as the price of TRY 41.50/kg is simply too high, things may turn crazy in the next few months. Issue are speculations over the price the TMO may set for the new crop. As approval is declining for president Recep Tayyip Erdoğan’s ruling AKP party the organisation may very well try to appease farmers by offering high prices. Rumour has it that prices may even be r

View related articles

Go to the News Overview
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.
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.
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.
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.