Nuts

Hazelnuts: Ferrero to act as game changer

October 4, 2021 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
Jan 27, 2022
LIMA. The harvesting process in the South American rainforests has begun and market players report a good yield and high quality so far. However, the hoped-for price reductions remain questionable.
Nuts
Jan 25, 2022
MADRID. Recently issued export data by the Ministry of Industry, Tourism and Trade shows that Spain stepped up its almond shipments by 20% in November. Exports have, in fact, performed well this season so far. France has advanced to the leading export destination.
Nuts
Jan 25, 2022
ORDU. As the Turkish lira continues to firm against the US dollar and the euro not all hazelnut traders are convinced that the financial turmoil witnessed in recent months is over. Although Turkey’s central bank left interest rates firm at 14% on Thursday and Finance Minister Nureddin Nebati assured economists on Saturday that inflation will range lower than expected in the next few months, a high degree of uncertainty remains.
Nuts
Jan 25, 2022
HANOI. High carry-in supplies coupled with good crops in Vietnam, India and Côte d'Ivoire should ensure a steady supply this year. Exports are, however, anything but simply.