Nuts

Hazelnuts: Italy doubles production

October 26, 2022 at 12:34 PM , Der AUDITOR
Play report as audio

ORDU/REUS. The interest rate cuts by the Turkish central bank have so far had less impact on the market than initially feared. According to the INC, Turkey remains by far the most important hazelnut producer, while Italy was able to increase its production volume by a whopping 100%.

Ferrero stops purchases

Despite the renewed interest rate cuts last week, the exchange rate in Turkey is holding relatively stable, so the central bank's decision has had little impact on the Turkish hazelnut market so far. Overall, the extremely high inflation rate in the country is causing market players, or strictly speaking all people in Turkey, to stumble massively. Ferrero has now officially stopped its purchases and announced that it will not buy any raw or shelled hazelnuts. The quantity purchased by the market leader this season is far below market expectat

View related articles

Go to the News Overview
Nuts
May 31, 2023
MADRID. March was not that bad for Spain’s almond industry. Monthly exports reached 11,727 mt, which is 5% up on the 11,167 mt of almonds shipped in March 2022. Total exports could, however, be better.
Nuts
May 30, 2023
NEW DELHI. The Indian government's decision to lift import duties on soybean and sunflower oil is weakening the peanut market and disappointing growers. This is compounded by the prospect of a large peanut crop.
Nuts
May 30, 2023
ORDU. News from Turkey is devastating. Not only did president Recep Tayyip Erdoğan win Sunday’s runoff with a 52% majority, but last week’s International Nut and Dried Fruit Council Congress in London came as a wakeup call for hazelnuts.
Nuts
May 26, 2023
ORDU. While Turkey is still in a mode of suspension, controversy has broken loose over the production estimates for hazelnuts in Spain presented at the Nut and Dried Fruit Council Congress in London.