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Hazelnuts: exporters not happy with lira

October 16, 2024 at 1:00 PM , Der AUDITOR
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ORDU. Although market giant Ferrero has impossibly high quality expectations, the recent purchasing offers are having an enormous impact. Exporters reckon that the lira is overvalued. Even buyers in China are complaining about high prices.

Confusing estimates

With the harvest coming to an end, the market is all but settled for hazelnuts in Turkey. As the United States Department of Agriculture’s Foreign Agricultural Service (FAS) for Turkey has recently highlighted in the Tree Nuts Annual crop estimates differ widely. They range as far apart as the highly conservative estimate of 685,000 mt issued by Turkey’s statistical service TurkStat at the start of the harvest to the much more upbeat 785,000 mt projected by the INC, the International Nut and Dried Fruit Council, with FAS posing the mo

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