Nuts

Hazelnuts: market defies expectations

May 15, 2024 at 9:54 AM , Der AUDITOR
Play report as audio

REUS/ORDU. Expectations over global production rising by 20% for hazelnuts in 2024/2025 have fuelled hopes that prices will fall. Yet, Turkey is confronted with other challenges at present, trouble is that the TMO may jump into action.

Conservative estimate for Turkey

Prospects are not only upbeat in Turkey but also in Italy. According to the figures presented at the Nut and Dried Fruit Council Congress in Vancouver global in-shell production will rise by 20% to 1.3 million mt in 2024/2025. Total supplies will even rise by 33% from 1.4 million mt in 2023/2024 to 1.5 million mt in 2024/2025. Expectation is that production will rebound by 21% in Turkey to 785,000 mt as news from the orchards is good.

Yet, the figure ranges lower than the second crop size estimate over 795,000 mt issued by th

View related articles

Go to the News Overview
Nuts
May 24, 2024
MADRID. Exports have picked up for almonds in Spain. Crop estimates for 2024/2025 have emerged. Prices are a troublesome matter.
Nuts
May 23, 2024
MADRID/SACRAMENTO. Urgent calls for permission to treat organic crops with pesticides in areas affected by extreme drought in Spain contradict assertions that quality is more important than quantity for almonds. Pricing is also an issue in California, but for quite different reasons.
Nuts
May 22, 2024
NEW DELHI/BUENOS AIRES. India has started exporting the summer crop and international buyers can secure attractive offers here. In North and South America, the situation is partially very tense, which is mainly due to the shortage of goods.
Nuts
May 21, 2024
REUS. South Africa is boasting a 35% uprise in pecan kernel output for 2024/2025. Judging by the historical average US production will flatline. Brazil will experience a production decline.