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Hazelnuts: price adjustments in Turkey

March 29, 2021 at 11:07 AM, Der AUDITOR
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ORDU. Prompted by President Erdogan's decision to strip former Central Bank Chief Naci Agbal of power the Turkish lira has lost heavily in value. This has also caused price adjustments in Turkey's export market for hazelnuts.

Export prices decline sharply

The Turkish lira lost around 10% in value last week and is currently trading at TRY/EUR 9.4857. Snowfall and low temperatures at the Black Sea coast prompted a temporary rise in the raw kernel price for size 11-13 mm from TRY 44.50/kg to TRY 47.00/kg. After it, however, emerged that no notable damage occurred prices again declined to TRY 45.00/kg. No adverse weather conditions have been forecast over the next few days.

Hazelnuts, Turkey

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