Nuts

Hazelnuts: Ferrero to act as game changer

October 4, 2021 11:58 AM, Der AUDITOR
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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

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