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Hazelnuts: exporters exasperated over new cut

October 20, 2022 at 1:50 PM, Der AUDITOR
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ORDU. Demand for hazelnuts is still depressingly low in Turkey at present but the SIAL has taken some suppliers by surprise. Although inflation soared above 80% in September, the central bank has once again cut interest rates.

A faint glimmer of hope

The SIAL in Paris has been a pleasant surprise for some suppliers. Although the trade fair did confirm that demand is a far way off from recovery, some buyers in Europe are certainly showing interest. Most are, however, highly sceptical about purchasing and prefer to wait.

Exports are also slow to pick up this season. Turkey has exported 39,725 mt of hazelnuts worth USD 218 billion so far, which is 23% down in terms of volume on the 51,606 mt exported in the same period last year. Last week, the country shipped 7,824 mt worth USD 44 m

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