Sales well short of expectations
Ferrero has recently purchased c. 16,000-17,000 mt for prompt delivery at short notice. Problem, however, is that the market giant immediately withdrew from the market again. This prompted a temporary decline in raw nut prices from TRY 47.35/kg to TRY 45.00/kg. Prices, however, quickly bounced back to TRY 46.00/kg, which shows where the max pain price currently ranges.
Although export prices have nominally declined, buyers in Europe prefer to wait. These declines are mainly sparked by exchange rate fluctuations as European Ce