Nuts

Hazelnuts: Ferrero to act as game changer

October 4, 2021 at 11:58 AM , Der AUDITOR
Play report as audio

ORDU. Quality is an issue in Turkey. Many hazelnuts have been rejected and the situation is not expected to improve. Problem is that drying is simply too slow and the weather forecasts are not exactly encouraging. Low quality does not, however, necessarily mean that prices will rise. Especially since Ferrero may well act as a game changer.

Possible turnaround

More and more reports are circulating in the market over quality issues. Crackers and the TMO have already rejected quite a few loads due to aflatoxin, mould and other issues. As damages are already being reported to a relatively high degree and the weather is not expected to improve for drying in the next few weeks, quality concerns will certainly take centre stage. The situation is already so bizarre that volumes from last year’s crop in good quality are trading higher than this year’s crop. Growers are anything but delighted with r

View related articles

Go to the News Overview
Nuts
Feb 21, 2024
NAIROBI/CAPE TOWN. Kenyan market players are already benefiting noticeably from the government's decision to temporarily lift the export ban on unprocessed macadamias. Prices in South Africa have fallen sharply in recent years.
Nuts
Feb 20, 2024
BRUSSELS/SACRAMENTO. EU imports have slumped by 21% for almonds this season so far. With the impacts of the climate crisis gaining attention the industry is keen to promote almonds as good. Production prospects could hardly differ more in California and Spain this year.
Nuts
Feb 19, 2024
FORT WORTH/ATLANTA. Supplies are tight for pecans. US exports are down. China has bought record volumes this season.
Nuts
Feb 19, 2024
NEW DELHI/BEIJING. Prices in India continue to decline and market experts do not expect this to change in the near future. The situation is also tense in China, while all eyes in Brazil are on the new crop.