Hazelnuts: failure to generate demand

February 9, 2023 at 12:33 PM , Der AUDITOR
Play report as audio

ORDU. Demand or rather the lack of it certainly is the issue for hazelnuts this season. Yet, prices surged in Turkey. Although the TMO’s decision to sell came as a shock to suppliers, the impact is most welcome.

Demand is the issue

Prices, in fact, unexpectedly surged in December driven by limited availability of raw nuts and surprisingly strong exports as Mondelez and Ferrero apparently bought more than anticipated. Exports were indeed strong in December 2022 as Turkey exported 41,751 mt of hazelnuts (inshell basis) worth USD 244 million, which is only 4% down in terms of volume and 1% down in terms of value on the 43,573 mt worth USD 247 million exported in December 2021 as figures released by the Black Sea Exporters Union show.

Exports, however, fell back to 20,3

View related articles

Go to the News Overview
Nuts
Mar 26, 2025
CANBERRA. Although Cyclone Alfred has hit the growing areas in New South Wales, the impact on overall Australian production has been less than feared. EU imports are declining sharply.
Nuts
Mar 26, 2025
ISTANBUL. News from Turkey is not good. Not only is political upheaval once again dominating the scene, but recent weather events are also impacting pistachios, whereby frost is not the only issue.
Nuts
Mar 25, 2025
MANILA. The shortage on the coconut market continues to worsen and there is no end in sight for the time being. This continues to be reflected in prices.
Nuts
Mar 24, 2025
NEW DELHI/BRASÍLIA. The peanut harvest in Brazil is about halfway through and growers are satisfied in terms of quantity and quality. In India, prices have fallen slightly.