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