Nuts

Hazelnuts: Ferrero as joker

September 1, 2022 9:50 AM, Der AUDITOR
Play report as audio

ORDU. While growers are still busy harvesting hazelnuts in Turkey, reports of rather strange quality issues are emerging. Not only are market prices far from attractive but cash is also not easy to obtain for exporters requiring supplies. Joker, however, is Ferrero.

Tricky price gap

With farmers still busy harvesting arrivals are slow to pick up. This is, however, not the only reason why they are delayed. Problem is also the price gap existing between free market prices and the TMO. As free market prices range at TRY 44-45/kg and the state-run organisation is offering TRY 52/kg, most farmers prefer to either sell their supplies to factories or to book appointments with the TMO. Middlemen, who buy hazelnuts directly from farmers, especially from those who grow hazelnuts in high altitudes and for whom it is inconvenient to transp

View related articles

Go to the News Overview
Nuts
Sep 22, 2022
ORDU. While the TMO continues to purchase hazelnuts at full speed, speculations are running wild over Ferrero’s next moves. Exporters are exasperated with the banks in Turkey and producers are sounding the alarm in Italy.
Nuts
Sep 22, 2022
CANBERRA/SACRAMENTO. Australia's almond exports in July fell short of the same month last year, but still achieved an above-average result. A new feature of the Almond Board of Australia's latest report is the addition of domestic shipments.
Nuts
Sep 20, 2022
TEHRAN/MADRID. Iran’s pistachio exports remained disappointingly low in July and prospects for the new season are far from encouraging. Although Spain is only a small player in the market, pistachios may well turn into “green gold” here.
Nuts
Sep 19, 2022
NEW DELHI. Due to high yields and the fact that Chinese buyers do not pay import duties on Sudanese goods, Indian traders see Sudan as their biggest competitor this season. In India, peanuts from the new crop are increasingly arriving on the markets, but are still spurned by buyers.