Hazelnuts: palpable suspense

July 18, 2024 at 9:50 AM , Der AUDITOR
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BRUSSELS/ORDU. Given that prices have surged this season it is quite remarkable that EU imports have risen for hazelnuts in the first six months of the year. Suspense is palpable in Turkey with the TMO and Ferrero expected to take decisive action very soon. Offers for the new crop are circulating.

EU imports more hazelnuts

Given that average unit prices have surged by 20% on last year to EUR 7.13/kg (USD 7.79/kg) in the first half of 2024 it is quite surprising that EU import volumes have risen for hazelnuts at all. Yet, EU imports range 4% higher than last year at 28,794 mt. However, it should be noted that the import volumes exceeded 30,000 mt in the same period in 2018-2022. In terms of value imports have risen sharply by 25% to EUR 205 million (USD 224 million) as compared with the EUR 164 million (USD 179 million) generated in the first six months of 202

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