Waiting for Ferrero
Reactions were swift and rather unexpected to the TMO’s decision to issue a bid over TRY 82.50/kg for Levant quality nut and TRY 84.00 for Giresun quality nuts. Hushed voices state that some new crop sales were conducted on the assumption that the state-run organisation would declare a lower price of TRY 80.00/kg. This, however, only partly explains why prices have surged in recent days. The TMO bids, in fact, only range 3% higher than initial expectations but raw nut prices jumped by 7% (TRY 10/kg).
Trouble is that sellers are rath