Nuts

Hazelnuts: Ferrero steps up purchases in Italy

October 12, 2020 11:59 AM, Der AUDITOR
Play report as audio

ORDU. As demand for hazelnuts is largely subdued, exporters rather concentrate on selling existing stocks. This appears to have curbed the prices the farmers are asking for.

Export prices decline further

Since exporters are rather focused on selling off their stocks farmgate prices have remained firm at TRY 24.50/kg. Overseas buyers are profitting from exchange rate fluctuations. Suppliers in Turkey are also more willing to enter into long-term contracts again. The current market situation has, however, prompted some buyers to prefer to wait for further price cuts.

Natural hazelnut kernels, size 11-13 mm, are trading at EUR 6.20/kg DDP Germany. The prices on offer are relatively uniform. Suppliers also state that it is difficult

View related articles

Go to the News Overview
Nuts
Nov 24, 2021
REUS/YAMOUSSOUKRO. According to the latest INC production estimates, Côte d'Ivoire has cracked the 1 million mt production mark this season. Due to lower freight costs, African origins can score with European buyers.
Nuts
Nov 23, 2021
SACRAMENTO/REUS. The weak October exports are worrying US suppliers. Many buyers have taken the precaution of stocking up, and the rising Corona figures are not easing the market situation. In order to reduce their stocks, prices are being lowered further.
Nuts
Nov 23, 2021
REUS/CAPE TOWN. Although the International Nut and Dried Fruit Council (INC) anticipates a more than 5% rise in global inshell macadamia production this year, things did not go quite as well as expected in South Africa. Weather conditions were, by contrast, excellent in Australia and production has rebounded from Covid in Kenya.
Nuts
Nov 22, 2021
ORDU. With the central bank’s decision to cut the key interest rate by 100 basis points to 15% on Thursday the Turkish lira hit new record lows against the US dollar and the euro. While President Recep Tayyip Erdoğan is determined to slash interest rates against all reason, Turkey’s economy is left to scramble. Although hazelnut exporters should now be offering unbeatable prices, the situation is not quite as simple. Ferrero has recently also issued a new bid.