Hazelnuts: lira takes centre stage
October 18, 2021 at 11:21 AM ,
Der AUDITOR
Wide price gaps
Turkey’s unreasonable monetary policy is, however, not the only problem. Quality is an issue and prices differ widely, especially for processed nuts. Although good weather conditions in recent days have helped harvesting along with more arrivals pouring in, reports are still being issued over quality concerns. Prices have also drifted further apart with traders reporting that Giresun quality natural hazelnuts, size 11-13 mm, are trading as low as USD 5.80/kg and Levant quality, size 11-13 mm, at USD 5.75/kg CIF Hamburg.
The 3.5% slump in the Turkish lira has indeed prompted a decline in export prices, albeit to not quite an extent as may have been expected. Issue is that raw material prices have risen slightly and range much higher than last year. Raw hazelnut kernels, 11-13 mm are, for instance, trading firm at TRY 48.50/kg in the domestic market. The attractive prices have, nevertheless, persuaded some buyers, who had been waiting for weeks, to act.
|
Hazelnuts, Turkey |
|
|
Size |
EUR/kg |
|
Natural, 11-13 mm, DDP Central Europe |
5.50 |
|
Raw, 11-13 mm, CIF Hamburg |
5.20 |
|
Raw, 13-15 mm, CIF Hamburg |
5.30 |
|
Organic, 11-13 mm, CFR Hamburg |
6.20 |
|
Trade sources, prompt shipment |
|
Export prices set to rise
On top of this, the TMO has continued buying unabated by recent events. The state-run organisation had purchased around 60,000 mt by the end of last week and is certainly on course to meet the target of 100,000 mt. Traders reckon hat export prices will rise as carrying capacities are becoming more of an issue and costs are up.
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- price chart, hazelnut kernels, natural, Turkey
- price charts for edible nuts, dried fruit, oilseeds and more
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