Nuts

Hazelnuts: exchange rate fluctuations prompt price adjustments

February 24, 2020 11:50 AM, Der AUDITOR
Play report as audio

ORDU. The TMO's decision to sell 20,000 metric tonnes of hazelnuts in March has triggered notable shifts in price.

Weak lira is good for buyers

The TMP prices on offer range at TRY 20-21 per kg, depending on variety. Sales are limited to 1,000 metric tonnes per company. Market players report that demand is particularly high for Giresund hazelnuts. Problem, however, is that only 1,000 metric tonnes of this variety are being offered.

Although farmgate prices declined nominally after the TMO's decision to sell became public, the news that the organisation intends to charge higher prices in April, prompted a recovery again. Although the euro declined in value against a baske

View related articles

Go to the News Overview
Nuts
Jan 20, 2022
SACRAMENTO. Transport problems had caused many US exporters to miss the important Christmas business. High prices had also initially deterred buyers, but have now returned to a more attractive level.
Nuts
Jan 19, 2022
SACRAMENTO. As logistics are still an issue US almond exports have slowed for the fourth consecutive month in December. Total shipments declined by 17% between August and December.
Nuts
Jan 19, 2022
HANOI/NEW DELHI. Even though prices for Indian cashews are approaching a more attractive level again, suppliers there will have a hard time keeping up with the competition from Vietnam and African growing countries. Vietnam achieved a new export record in 2021.
Nuts
Jan 12, 2022
SUCRE. After production proved disastrous in 2021/2022, hopes are high that things will improve in 2022/2023. Heavy rains may, however, be decisive. Anticipations for the new crop have also hit Europe.