Nuts

Hazelnuts: price adjustments in the export market

October 26, 2020 at 10:41 AM, Der AUDITOR
Play report as audio

ORDU. Turkey's Central Bank's interest rate decision has taken the market by surprise. Crackers have sparked additional confusion in adjusting their hazelnut prices. Although enquiries are up, buyers are careful to draw full advantage of the current market situation, especially Ferrero.

Suppliers are more audacious

Contrary to expectations, Turkey's Central Bank decided to leave the key interest rate unchanged at 10.25% last week, thereby prompting the Turkish Lira to lose around 1% in value against the Euro and the US dollar. Analysts initially anticipated a 1-2% change as happened in September.

In shell farmgate prices are trading firm at TRY 24.00/kg. Crackers have, however, cut raw kernel prices by TRY 1.00/kg to TRY 47.00-47.50/kg. Market players reckon that this adjustment is prompted by lower demand and an intention to put farmers un

View related articles

Go to the News Overview
Nuts
Feb 8, 2023
SACRAMENTO/CHIȘINĂU. For the first time, Moldovan market players have to deal with carry-over stocks; until now they were able to sell their entire production to the EU. This has changed this season due to the ongoing economic crises.
Nuts
Feb 8, 2023
CANBERRA/MADRID. Last year, Australia was able to achieve the best November exports ever, and overall, the current season seems to be developing into a record year for Australia's almond industry. Growers in Spain, however, are less satisfied.
Nuts
Feb 8, 2023
ATLANTA. Although reports state that demand for US pecans has risen by 10.5% this season so far, it should be noted that this trend is only driven by domestic demand. Exports paint a totally different picture.
Nuts
Feb 7, 2023
CANBERRA/WASHINGTON, D.C. Macadamias South Africa (SAMAC) has raised the production estimates for 2022. Farmers in Kenya are prompted to switch from coffee to the highly attractive nut and China has issued simply unbelievable production estimates. Global production and demand are on the rise. Yet, not everyone is happy.