Nuts

Hazelnuts: raised eyebrows over prices

July 26, 2021 11:12 AM, Der AUDITOR
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ORDU. Turkey is back again this week with President Erdogan expected to announce the TMO bid for hazelnuts anytime soon. Traders reckon that Erdogan will try very hard to avoid trouble. Buyers are highly irritated over the prices for the new crop. On top of this, not all news on this year’s crop is good.

Lack of comprehension

Issue is that at 790,000 mt this year’s crop is expected to range 23% higher than last years. Prices are, however, expected to be higher. This has prompted some raised eyebrows. Buyers in Europe are, however, much more relaxed this year as their supply situation has improved. Trading is still largely subdued with the holiday season underway in Europe. Expectations for the new crop are somewhat dampened.

Late arrivals expected

Growers near the coast will only be able to start harvesting and drying hazelnut

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