Top exporters vs underdogs
Traders and producers are in fact gearing up for next week’s World Nut and Dried Fruit Congress (INC), which will provide a clearer picture on supply and demand. Reports from Italy are mixed. Although prospects for the new crop are quite encouraging in Italy at present, producers prefer to be cautious. Issue is that drought may very well create extensive damage in summer. Suppliers in Turkey are also carefully observing developments in Italy as production here will largely determine Ferrero’s purchases.
The weather at T