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Hazelnuts: Deceptive standstill in prices

November 28, 2017 at 10:10 AM , Der AUDITOR
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ORDU. Turkish suppliers who have not yet covered themselves will face business losses of some sort. Ferrero pulls out of the market for now.

 

Major differences
The market prices for hazelnut kernels, natural, 11–13 mm are just short of 20 TRY/kg and as such higher than the price market leader Ferrero is willing to pay. The company claims to have stocked up on enough goods to cover the demand and pull out of the market as a buyer for now.

Weekly export figures are dwindling and have now dropped to 6,000 mt, whereas 8,000 mt were shipped before. Some Turkish sellers still need to stock up, which will result in certain losses at the current price level. With the Lira decreasing in

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