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Hazelnuts: revised production estimates

July 19, 2022 11:21 AM, Der AUDITOR
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ORDU. While the economic situation is deteriorating in Turkey with banks urging customers to transfer foreign currencies into Turkish lira, news from the orchards has prompted authorities to revise the official production estimates for hazelnuts. Prices have, nevertheless, taken a curious turn.

Limited supplies

Although this may sound a bit odd considering that Turkey is expected to start the new season with inshell carry-in supplies ranging at 105,000 mt as the International Nut and Dried Fruit Council (INC) estimates, supplies are rather limited. Issue is that many cracking factories have already finished operations and are busy with maintenance work. They will carry their remaining stocks into the new season as inshells rather than as kernels meaning that they have no intention of resuming operations at present.

Yet, Ashura, an Islamic holiday c

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