Nuts

Hazelnuts: lira is a killer

April 21, 2022 2:00 PM, Der AUDITOR
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ORDU. As people are struggling with skyrocketing prices in Turkey, hazelnuts have turned highly political. Suppliers even state that the situation is so bizarre that it hardly matters what size the new crop will be as prices will largely be determined by other factors. Exporters are keen to avoid the TMO and regard the Turkish lira as a killer.

Lost in politics

After the TMO failed to attract buyers for its hazelnut supplies in Levant quality in the second round of sales the state-run organisation has now decided to sell 500 mt in Giresun quality at an inshell price of TRY 43.50/kg. Issue is that exporters sensed a trap since many incurred heavy losses after buying from the TMO at too high prices two years ago. Rumours over frost-related damages or that buyers in Europe will urgently require stocks have proved unfounded so far and were clearly designed to drive up prices. While the Exporters’ Union m

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