Nuts

Hazelnuts: guessing game on stocks

January 25, 2024 at 11:50 AM , Der AUDITOR
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ORDU/BRUSSELS. After 2024 started off with extraordinary price hikes for hazelnuts the chaos has subsided for now at least. Ferrero’s actions, the Red Sea crisis and weather conditions along with the TMO will largely shape the market in the coming weeks. Demand is shaping up quite well in the EU as recent import statistics show.

Less chaos

As the recent surge has turned out to be artificial and has run out of steam prices started to decline again last week. Welcome news for suppliers is also that export demand has picked up in January, mainly in Europe and the Far East as the problems at the Suez Canal are prompting buyers in Asia to secure stocks now. Domestic demand is, by contrast, more subdued as suppliers refused to sell while prices were on the rise and buyers are now in turn refusing to act while prices are going down. Both sides are closely observing further developments, which will

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