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Hazelnuts: market goes bananas

April 18, 2024 at 9:38 AM , Der AUDITOR
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ORDU. Not only the TMO but also Ferrero have jumped into action regarding hazelnuts after weeks of speculation.

New price floor stuns suppliers

Weeks of uneasy anticipation are finally over as the TMO has issued its long-awaited selling bid. As is ever so often the case the state-run organisation, which holds an estimated 100,000-120,000 mt of in shell-hazelnuts, has left exporters shocked. All hopes of the market finally resuming more normal levels in a highly turbulent season have been ditched as the TMO’s selling price for the 2022 crop is an incredibly high TRY 124/kg and for the 2023 crop the organisation is asking for an unbelievable TRY 130/kg. Although the exact

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