Nuts

Hazelnuts: new price impulses to be issued soon

November 23, 2020 9:51 AM, Der AUDITOR
Play report as audio

ORDU. The decision of Turkey's central bak to raise the interest rate by 4.75% has given the lira a nominal lift. Export prices have, however, taken a rather surprising turn. Market players are now waiting for Ferrero.

Export prices decline, despite lira gaining in value

The lira gained some momentum with the key interest rate now ranging at 15 percentage points. Analysts had, however, reckoned that the hike in the interest rate would have a stronger impact. Ferrero's withdawal from the inshell market, nevertheless, prompted a decline in export prices at the end of last week. Exporters are taking advantage of this trend to refill stocks at low prices, which they can then sell to Ferrero at higher prices. The market giant is, however, keeping a low profile with regard to its purcha

View related articles
Go to the News Overview
Nuts
Aug 4, 2021

Cashews: RCN supplies are not the issue

REUS/HANOI/NEW DELHI. The International Nut and Dried Fruit Council (INC) reckons that global cashew production will be similar in size to the current season in 2021/2022. Drought will, however, partly impact production in Africa. Prices have , meanwhile, turned in different directions in Europe and in India.
Nuts
Aug 3, 2021

Almonds: exports top expectations

MADRID/SACRAMENTO. Exports in May have taken Spain by surprise. Issue is that more almonds were shipped overseas than anticipated. The strong export season in the US also has its downsides as market players are now voicing concerns that carry-over supplies will not be able to meet demand until the new crop arrives.
Nuts
Aug 2, 2021

Macadamias: production estimates slashed for Australia

REUS/PRETORIA. While the International Nut and Dried Fruit Council (INC) still reckoned that Australia would become the world's leading producer for macadamias in March, things have changed now. Issue is that adverse weather conditions have impacted production here. Global production estimates have also been revised downwards.
Nuts
Aug 2, 2021

Brazil nuts: production declines send prices flying

REUS. Prices for Brazil nuts have been on the rise for months. The International Nut and Dried Fruit Council (INC) now estimates that global production is set to decline by more than 17% in 2021/2022. Prospects are anything but encouraging in Bolivia and in Brazil at present. In Peru the situation is, however, entirely different.