Hazelnuts: price shock with lasting impact

December 13, 2023 at 11:39 AM , Der AUDITOR
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ORDU. As hazelnuts are coming off their peak the industry is engaged with analysing the impact this season’s price hikes have had on demand.

Sales pick up with a big but

After witnessing shocking hikes in Turkey at the start of the season, stability is the current buzz word for the hazelnut market. Raw nut prices exceeded unaffordable TRY 100/kg in September as it emerged that the crop would be smaller in size than anticipated and that quality was a concern. Fortunately, prices have slipped to a more moderate TRY 91-92/kg for in-shell hazelnuts in Levant quality in recent weeks. Buyers in the euro area also profited from the depreciation of the Turkish lira in November. In December, the lira has, however

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