Nuts

Hazelnuts: price adjustments continue

August 31, 2023 at 4:20 PM , Der AUDITOR
Play report as audio

ORDU. The Turkish hazelnut market is still waiting for market giant Ferrero to announce its purchase prices. Meanwhile, the TMO has adjusted its prices due to the quality losses of the crop caused by pest infestation.

TMO issues more favourable purchase prices

After the forecasts for the Turkish hazelnut crop 2023 were still positive in spring and a production of 810,000 mt was expected, the tide turned with the start of the harvest. Especially in the Middle Black Sea region, where a large part of the hazelnut bushes grow, there were increasing reports of pest infestation by the brown marmorated stink bug and the resulting yield losses. In the meantime, the crop forecast was reduced to 700,000 mt.

The pest infestation had the effect of dividing the market and thus the pri

View related articles

Go to the News Overview
Nuts
Feb 27, 2024
ORDU. As hazelnut prices have hit an all-time high in Turkey buyers are far from amused. Ferrero’s recent bids have given rise to chaos at the most inconvenient time possible for suppliers returning form the Gulfood exhibition in Dubai.
Nuts
Feb 27, 2024
BRUSSELS. EU importers spent much less on pine nuts in 2023. Producers in Portugal are promoting Mediterranean pine nuts. Uncertain market conditions will prevail this year.
Nuts
Feb 26, 2024
NEW DELHI/ATLANTA. In India, prices continue to fall and demand for peanut oil and seeds is extremely low. In the USA, the outlook is much better, while there have been harvest delays in Nicaragua.
Nuts
Feb 23, 2024
TEHRAN/FRESNO. With California chasing records pistachios may soon experience a supply glut. Cautions prevails over this year’s crop. Iran’s exports to the EU have gained again.