Nuts

Hazelnuts: reality starts kicking in

November 3, 2022 at 10:12 AM , Der AUDITOR
Play report as audio

ORDU. Aggressive buying coupled with sluggish demand and unrealistic prices are a toxic mixture for any market. Now reality is starting to catch up with the TMO, whose bids for hazelnuts have simply been too attractive.

TMO fails to consider consequences

Although growers have queued in recent weeks to sell their supplies to the state-run organisation at way above market prices of TRY 52-53/kg, the intake has now slowed. Not only are traders casting doubt over the TMO’s ambitious target of purchasing 220,000 mt of inshells this season the organisation is also confronted with a practical dilemma.

Issue is that the TMO is desperately looking for additional warehouses, while demand remains sluggish. Officials have even approached large suppliers throughout Turkey asking t

View related articles

Go to the News Overview
Nuts
May 22, 2024
NEW DELHI/BUENOS AIRES. India has started exporting the summer crop and international buyers can secure attractive offers here. In North and South America, the situation is partially very tense, which is mainly due to the shortage of goods.
Nuts
May 21, 2024
REUS. South Africa is boasting a 35% uprise in pecan kernel output for 2024/2025. Judging by the historical average US production will flatline. Brazil will experience a production decline.
Nuts
May 16, 2024
SACRAMENTO/ISFAHAN. US almond shipments exceeded 2 billion pounds in April. The USDA subjective crop forecast is fuelling uneasy speculations. Almonds have come under fire in Iran.
Nuts
May 15, 2024
MANILA. The extremely high temperatures in the Asian countries of origin are likely to exacerbate the commodity shortage for the 2025 crop. A similar scenario was already observed last year.