Price: €11.00
Member Price: €0.00

Hazelnuts: explosive situation

December 13, 2021 at 12:05 PM , Der AUDITOR
Play report as audio

ORDU. Although the Turkish lira remained relatively firm last week, it has now plummeted to a new low against the US dollar and euro. Issue is that S&P Global Ratings lowered the outlook for the lira to negative on Friday coupled with speculations on new interest rate cuts on Thursday. According to Bloomberg, the central bank is expected to cut interest rates by another 100 basis points to 14%. Not all reactions make sense in the hazelnut market.

Illogical prices

As the lira continues to plummet, chaos prevails in the hazelnut market with traders pointing out that not all prices on offer make sense. Problem is that the market is largely driven by exchange rate fluctuations, which have become unpredictable. While some suppliers are constantly adjusting their prices, others have retained the same prices for weeks, despite the depreciation of the Turkish lira and the rise in raw kernel prices. Prices have, in other words, drifted far apart with differences exceeding EUR 0.50/kg frequently being reported and it

View related articles

Go to the News Overview
Nuts
Sep 24, 2026
ORDU. With the incredibly large price gap between the TMO and the free market prevailing Turkey’s Ministry of Trade and the Competition Authority have launched on-site investigations. The TMO is experiencing quite a run. Quality is an issue for Ferrero.
Nuts
Sep 23, 2026
VANCOUVER. El Niño may cause the prospects for macadamias to turn sour in 2027. Demand has finally kicked in.
Nuts
Sep 23, 2026
SANTIAGO. For Chile, the USDA has earmarked the production estimate for the next walnut crop with a big question mark. Prospects are also not that encouraging for the next few years.
Nuts
Sep 22, 2026
MANILA. Philippine commodity prices have risen recently, while demand for desiccated coconuts remains stable. Container freight rates to Europe are falling, but within Asia they continue to rise.