Hazelnuts: Ferrero to issue bid price this week

November 30, 2020 9:45 AM, Der AUDITOR
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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

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