Hazelnuts: Olam adds to chaos

March 15, 2024 at 10:24 AM , Der AUDITOR
Play report as audio

ORDU. First crop estimates have been issued for hazelnuts and with the local elections just around the corner it seems as if the central bank is losing its grip on inflation. Olam has unwittingly triggered quite a response.

Initial estimate too optimistic?

Common sense would normally dictate that prices have to come down when demand is low and supplies have to be sold. Big players have, however, dominated events in recent weeks. Ferrero’s rather strange approach to securing additional supplies in February have now been topped off by Olam. After announcing a purchase declaration without price or quantity, Ferrero finally issued a price of TRY 120/kg for in-shell hazelnuts in Levant quality and of TRY 240/kg for raw hazelnuts size 11-13 mm and 13-15 mm in February. This prompted lo

View related articles

Go to the News Overview
Nuts
Feb 10, 2025
NEW DELHI/BRASÍLIA. In India, prices have fallen again slightly after last week's rise, and suppliers currently have little hope of an improvement. In Brazil, the weather is proving to be decisive for the new crop.
Nuts
Feb 6, 2025
ORDU. Exporters have responded to the TMO sales for hazelnuts. Prices are not quite what the market expected and the TMO has been accused of opening the doors to a monopoly. Exports are impressive, despite prices being remarkably high.
Nuts
Feb 5, 2025
MANILA. Limited infrastructure and inefficiency are delaying freight handling in the Philippine capital and driving up costs. The Philippines is not directly affected by the US tariffs.
Nuts
Feb 4, 2025
AYDIN/BRUSSELS. Turkey recorded an increase in production in 2024 compared to the previous year, with Aydin being the most important growing region for chestnuts. However, the EU imported significantly less than in 2023.