Hazelnuts: demand finally revives

April 6, 2021 12:56 PM, Der AUDITOR
Play report as audio

ORDU. With hazelnut exports slowly but surely catching up prospects are highly encouraging in Turkey. As the central bank has so far failed to stabilise the lira a high degree of uncertainty, however, persists in the market. Caution prevails regarding this year’s crop.


Exports are catching up

Demand has certainly revived with exports slowly but surely catching up. With overseas shipments for 2020/2021 ranging at 187,827 mt worth USD 1.32 million on 4 April, the volume seems shockingly low as compared with the same period last year when shipments ranged at 254,286 mt worth USD 1.63 million. However, it should be noted that exports for 2018/2019 stood at 193,762 mt at the start of April 2019 and the export value ranged at a lower USD 1.12 million. Demand has

View related articles
Go to the News Overview

Pine nuts: China's shocking dependency

BEIJING/REUS. The pandemic has disrupted supply chains and highlighted incremental problems. Pine nuts are no exception to this. The market was, however, stunned to find out to what extent China depends on external raw material supplies. China's production consequently fell well short of expectations in the current season due to supply chain disruptions. Production estimates have now been slashed by nearly 50%. Things are, however, expected to improve in 2021/2022.
7/21/21, Der AUDITOR

Hazelnuts: with pomp and circumstance

ORDU. President Recep Tayyip Erdoğan is expected to announce the TMO bid for hazelnuts with pomp and circumstance in Giresun next week. Although Turkey is mainly closed for Eid this week, the central bank has caused some commotion in the market by keeping the key interest rate unchanged at 19% - quite against Erdogan’s wishes. This move has certainly taken analysts by surprise. Suppliers are wondering in how far the central bank chief will be able to maintain his independence.
7/19/21, Der AUDITOR

Pistachios: traders refute INC assessment

TEHRAN/REUS. Traders are highly concerned over Iran’s ability to compete in the international pistachio market. Although recently issued export data was rather encouraging, frost and extreme heat will certainly impact this year’s production. On top of this, farmers are confronted with several problems. Local traders very much contradict the International Nut and Dried Fruit Council’s (INC) optimistic outlook.
7/19/21, Der AUDITOR

Pecans: high buying interest motivates growers

ATLANTA. Year-on-year, US pecan shipments rose by more than 26% during the first nine months of the season. This is motivating farmers to increase acreage to meet the high demand.
7/15/21, Der AUDITOR