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Hazelnuts: reality starts kicking in

November 3, 2022 at 10:12 AM, Der AUDITOR
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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

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