Price: €11.00
Member Price: €0.00

Hazelnuts: quality and lira shock suppliers

August 25, 2023 at 11:25 AM , Der AUDITOR
Play report as audio

ORDU. Speculations over the new hazelnut crop have been circulating in Turkey for weeks. With a clearer picture emerging now more optimistic voices have to admit that there are issues with quality and kernel sizes. Thursday’s hike in the key interest rate has also taken suppliers by surprise.

Market holds its breath

Economists and analysts are stunned by the Central Bank’s surprise move to hike Turkey’s key interest rate by 750 basis points to 25%. Initial expectations rather ranged at 250 basis points to around 17.5% given that the bank has undershot anticipations in the past two months. The lira witnessed a rare hike on Thursday after declining by 68% in the past two years caused by president Recep Tayyip Erdoğan’s unorthodox policies. Thursday’s decision marks a turnaround signalling that the central bank is willing to get a g

View related articles

Go to the News Overview
Nuts
Jul 10, 2025
ORDU. A court ruling regarding Ferrero could lead to speculative buying on the Turkish hazelnut market. The Turkish statistics office has reduced its forecast for the coming hazelnut crop.
Nuts
Jul 9, 2025
MANILA. Although the coconut market continues to face considerable hurdles, prices for desiccated coconuts and coconut oil are proving surprisingly resilient. The Philippine government wants to support the industry.
Nuts
Jul 9, 2025
PHNOM PENH/ACCRA. While Cambodia and Vietnam are celebrating rising export figures, processors in Ghana are increasingly concerned about their industry. EU cashew imports have increased year-on-year.
Nuts
Jul 8, 2025
CAPE TOWN. South Africa, the world's leading macadamia producer, plans to potentially double its production over the next ten years. The outlook is good, but there are also some hurdles to overcome.