Price: €11.00
Member Price: €0.00

Hazelnuts: the great unknown

November 15, 2021 at 11:27 AM , Der AUDITOR
Play report as audio

ORDU. The recent depreciation of the Turkish lira is having a sustained impact on the export prices for hazelnuts, especially since the lira fell to a record low against the US dollar on Friday. Traders are highly concerned over this week’s interest rate decision. The exchange rate, however, does not present the greatest unknown factor.

Exporters may be prompted to speculate

The Turkish lira hit a record low of 10 per USD on Friday and was trading at 8.70 against the euro. Although the lira has recovered slightly since, the weakness of the currency is having a sustained impact on demand and prices. Domestic demand is very good and export demand has certainly revived. Traders report that buyers in Europe are much more prepared to enter contracts, which is largely due to lower export prices. While export prices range much lower than last year, domestic demand, which is anticipated to range around 20%

View related articles

Go to the News Overview
Nuts
Mar 5, 2026
AMSTERDAM/NEW DELHI. Crop projections differ for cashews this year. The war in Iran is affecting the entire region. Exporters in India are keeping their calm.
Nuts
Mar 5, 2026
ORDU. In Turkey, the economic turmoil caused by the US and Israeli war with Iran has direct implications for hazelnuts. Ferrero’s rejections have been replaced with free market supplies. The initial flower counts will shape price dynamics in the next few weeks.
Nuts
Mar 4, 2026
LISMORE. Early projections indicate that this year’s macadamia production will bounce back in Australia according to the latest figures issued by the Australian Macadamia Society.
Nuts
Mar 3, 2026
NAIROBI/CAPE TOWN. The South African macadamia industry is facing a number of hurdles that are causing uncertainty throughout the market. Meanwhile, Kenyan market players are calling for the export ban on raw macadamias to be lifted. EU imports have increased significantly.