Hazelnuts: Ferrero as joker

September 1, 2022 at 9:50 AM , Der AUDITOR
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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

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