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Hazelnuts: Ferrero about to set course for new season

August 2, 2021 10:06 AM, Der AUDITOR
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ORDU. While President Erdogan is expected to announce the TMO bid on Tuesday or on Wednesday, traders point out that this is not quite as important as Ferrero’s response. Large exporters in Turkey may incur heavy losses. That is if the lira retains its new found strength. Demand in Europe is still frustratingly low.

Ferrero to set free market price

As the holiday season is underway in Europe demand is only expected to revive in mid-August. Manufactures are, nevertheless, busy completing last-minute orders before many facilities are due to close for cleaning and maintenance. Issue is that many buyers opted to buy additional supplies of the current crop before the new season starts as the new crop is trading on higher levels. Prices for the new season are being set in Turkey at present. Not only is President Erdogan finally expected to announce the TMO bid on Tuesday or on Wednes

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