Hazelnuts: Ferrero to issue bid price this week

November 30, 2020 at 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
Jan 25, 2023
MADRID/SACRAMENTO. Although Spain’s almond exports received a boost in November, the dent in exports is still much higher than in California. Competition between Spain and California remains fierce with speculations on water supplies and exchange rates having top priority at present.
Jan 23, 2023
NEW DELHI. Farmers are in full control of India’s peanut market. Not only do they still hold more than 35% of all stocks but they also know how to play to their advantage. Artificial intelligence may also prove an asset in limiting aflatoxin contamination.
Jan 19, 2023
ORDU. Things have taken such a bizarre turn in Turkey that buyers have switched to other hazelnut producing countries such as Georgia, Azerbaijan or Italy. Drought will, in fact, have a lasting impact on production in Italy.
Jan 18, 2023
TEHRAN. Frustration and anger are growing with Iran’s government. Suppliers are now actively blaming the government for losing market shares for pistachios. Exports have, in fact, slumped by 75%.