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Hazelnuts: exchange rate fluctuations prompt price adjustments

February 24, 2020 at 11:50 AM , Der AUDITOR
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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

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