Hazelnuts: financial restraints spell disaster

September 22, 2022 at 9:45 AM, Der AUDITOR
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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.

Speculations over Ferrero

Estimates state that the TMO has purchased around 20,000-25,000 mt of inshell hazelnuts so far and sales to the state-run organisation continue at full speed. The free market has no chance of competing with the TMO’s purchasing prices of TRY 52.00-53.00/kg. Agricultural Credit Cooperatives are also offering relatively attractive prices of TRY 47/kg, but rumour has it that purchasing volumes will be capped at 4,000 mt or even less.

The prices for raw hazelnut kernels size 11-13 mm and 13-15 mm have risen to TRY 89.00-90.00/kg t

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