Nuts

Hazelnuts: Erdoğan hangover prevails after election

May 17, 2023 at 12:30 PM , Der AUDITOR
Play report as audio

ORDU. Opinions are divided over the run-off between incumbent Recep Tayyip Erdoğan and his opponent Kemal Kılıçdaroğlu. While some argue that the outcome will be equally disastrous for hazelnuts no matter which candidate wins on 28 May, others emphasise that a lot more is at stake.

Never-ending hangover

Fact is that the Turkish lira tumbled after it emerged that Erdoğan is in pole position with 49.51% of the votes, whereas Kılıçdaroğlu only secured 44.88% on Sunday. Both failed to win a 50% majority, which renders the run-off necessary. The People’s Alliance along with Erdoğan’s AKP party also won a majority in the parliamentary elections, which were held on the same day. This spells bad news for the economy as Erdoğan is set to continue with his unorthodox policy of combating inflation with interest rate cuts and fail

View related articles

Go to the News Overview
Nuts
Dec 6, 2023
ORDU. Stink bugs and low productivity spell bad news for Turkey’s hazelnut industry. Suppliers also highlight that much is at stake for exports.
Nuts
Dec 4, 2023
NEW DELHI/AUSTIN. In India, arrivals of the new crop after the Diwali festival have not picked up to the extent hoped for, and the new Kharif crop is also struggling with challenges. In Texas, there were harvest delays and extremely high prices.
Nuts
Dec 4, 2023
WOLLONGBAR/BRUSSELS. Australia’s macadamia crop has finished right in line with expectations as the Australian Macadamia Society (AMS) reports.
Nuts
Nov 28, 2023
CANBERRA. After witnessing years of high yields Australia's almond production slumped in 2023. This has impacted exports, which noted a 20% decline in September.