Nuts

Hazelnuts: new estimate is a far cry from market expectations

July 12, 2021 10:08 AM, Der AUDITOR
Play report as audio

ORDU. Although it is normal for production estimates to differ in Turkey’s hazelnut market, the Ministry of Agriculture’s recent estimate is a far cry from the figure anticipated by the Exporters Union. While the exporters reckon that this year’s production will range at 800,000 mt, the ministry has issud a far lower estimate of c 686,000 mt. Problem is that the market is not used to such a large discrepancy. Experienced suppliers have responded swiftly.

Ministry very much irritates market

Last week, the Ministry of Agriculture issued a production estimate over 686,412 mt. As this falls nearly 120,000 mt short of the 800,000 mt anticipated by the Exporters Union, the market is very much irritated. This gave the raw kernel market a nominal boost since some suppliers swiftly raised their prices. Raw kernels, size 11-13 mm, are trading at around TRY 47/kg. Traders, however, point out that counting is currently underway in the orchards and that no evidence has been gathered so far that would in any way support a drastic

View related articles

Go to the News Overview
Nuts
Aug 12, 2022
NEW DELHI. Some Indian growers are reporting a pest infestation in the fields and have taken immediate action with the help of the government and universities. There is also an interesting development in the peanut oil market.
Nuts
Aug 11, 2022
ORDU. The Turkish Ministry of Agriculture and Forestry has announced the production estimates for the new season, which have been eagerly awaited by market players. These are promising, as is the quality of the nuts.
Nuts
Aug 10, 2022
HANOI. The original plan of the Vietnamese cashew industry was to export cashews worth USD 3.8 billion in 2022. However, various difficulties mean that this export target is now to be revised downwards.
Nuts
Aug 10, 2022
KERMAN. After frost and drought, Iranian pistachio farmers are now struggling with the effects of heavy rains, which may have caused significant damage. Irrigation is also at risk as a result.