Nuts

Hazelnuts: market in waiting mode

July 5, 2021 11:03 AM, Der AUDITOR
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ORDU. As the TMO is still to issue a bid price for hazelnuts market players prefer to play it safe. Guess it that prices will range higher since the state-run organisation raised the support price for tea grown in the Black Region by 18%. Ferrero’s response will also prove decisive.

Waiting for the TMO

The market has basically wound down for the season. Facilities in Turkey are starting to close for maintenance work and for their summer break. Only few enquiries are being issued for prompt shipments. Although the buyers are highly interested in the new crop and can hardly wait for harvesting to start, enquiries are for shipment next year. Trading is largely subdued. Most exporters already have quite a few orders and can afford to wait. The market is in fact still waiting for the TMO to set a bid price, which should be the case at the end of July. This should also prompt Ferrero to act and market activities to revive.

Prices are firm

The Turkish lira is trading relatively firm with only nominal fluctuations. Export prices are also holding firm. Weather conditions are normal and the shrubs are developing well. Harvesting will start in the coastal areas in around three weeks.

Hazelnuts, Turkey

Size

EUR/kg

Natural, 11-13 mm 

5.30

Diced, 2-4 mm 

5.70

Meal, 0-2 mm 

5.50

Hazelnut paste

5.15

DDP Central Europe

 

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