Nuts

Hazelnuts: Ferrero to issue bid price this week

November 30, 2020 9:45 AM, Der AUDITOR
Play report as audio

ORDU. Political tensions are preventing the Turkish lira from maintaining its recent gain in value. Hazelnut market giant Ferrero is expected to issue a bid price this week.

Buyers prefer to wait

After Turkey's Central Bank sent a strong signal by raising the key interest rate, the lira has now declined in value again. Issue is that political tensions a rife within Turkey and that the dominance of the ruling AKP party is starting to crumble. Discontent is growing amid the rise in Covid-19 infections and the introduction of tougher restrictions to curb the spread of the virus.

The raw material market is, by contrast, rather subdued. Only small enquiries are being issued in Europe. Turkey has shipped an estimated 80,000 mt of shel

View related articles

Go to the News Overview
Nuts
May 25, 2022
ORDU. Over the last few weeks reality has kicked in that sufficient supplies are available, and attention shifted more towards the new crop. At present, the mood is, however, shifting in Turkey’s hazelnut market. Issue are strange dynamics. The market may also have to adjust production estimates for the new crop.
Nuts
May 25, 2022
MADRID/SACRAMENTO. While almond production will range 4% lower in California at 2.80 billion pounds, things are also far from encouraging in Spain. According to the National Nut Board production will range 30% lower than last year. Judging by experience, however, the estimates presented by this organisation tend to be rather conservative.
Nuts
May 23, 2022
NEW DELHI. Although the prices for peanuts have fluctuated in a narrow range in India in recent weeks, traders reckon that this is about to change. Issue are global factors, especially since production is under the weather in Brazil. Recently updated production estimates, however, tell a different story.
Nuts
May 19, 2022
ORDU. Economists reckon that Turkey is witnessing an unprecedented economic crisis of epic proportions. Hazelnut suppliers report the inflation is much worse than official figures suggest, and exporters are dealing on slippery grounds. The production estimates issued at the International Nut and Dried Fruit Congress also illustrate some surprising trends.