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
May 27, 2024
NEW DELHI/ATLANTA. As crop declines are anticipated in Brazil US exporters are reckoning with improved demand for their peanuts. Hot weather is causing problems in India.
Nuts
May 27, 2024
MANILA. In planting 100 million coconut trees the Philippine government aims to revitalise the industry. High freight rates present quite a challenge.
Nuts
May 27, 2024
CANBERRA/REUS. China and Hong Kong purchased a record volume exceeding 90,000 mt of in-shell macadamias in 2023. Strange sales patterns have emerged in South Africa, Australia and Kenya. Drought is an issue in Mexico and Guatemala. Global production estimates are upbeat for 2024.
Nuts
May 24, 2024
MADRID. Exports have picked up for almonds in Spain. Crop estimates for 2024/2025 have emerged. Prices are a troublesome matter.