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Hazelnuts: market players sell positions

June 8, 2020 9:54 AM, Der AUDITOR
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ORDU. Turkey's official hazelnut production estimates by no means correspond with market expectations. This also has an impact on prices.

Production estimates fall short of expectations

Some market players had intitially reckoned that production would range below 600,000 metric tonnes, which prompted them to hold back. Turkey's recently issued prodcution estimates have now, however, caused the market to reckon with a production of 600,000-650,000 metric tonnes. Some traders have now sold some of their stocks and farmgate prices have declined to TRY 0.46 per kg. Zhe Turkish lira has also declined invalue, whihc is playing into the hands of the export market.

Hazelnuts, Turkey

Size

EUR/kg

Natural, 11-13 mm

7.00

Diced, 2-4 mm

7.90

Meal, 0-2 mm

7.00

Hazelnut paste

6.40

DDP Germany

Negotiations start for new crop

Market players reckon that the lower prices will fail to attract buyers and that the downward trend will continue. Although contracts have not been concluded so far, the negotiations for the new crop have started. Demand for the new crop is expected to rise over the next few weeks.

 

Attached Files

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price chart hazelnut kernels natural Turkey

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