Hazelnuts: speculators return

March 8, 2021 11:20 AM, Der AUDITOR
Play report as audio

ORDU. The first hazelnut production estimates have been issued for the new crop in Turkey. On top of this, the weather forecast is highly encouraging for the next two weeks and trading has revived.

Encouraging outlook for the new season

The weather should pose no matter of concern over the next two weeks. Although frost damages may occurr until the end of April, production prospects are highly encouraging this year. The Aegean Exporters' Association recently issued a first production estimate over 756,000 mt and thereby anticipates an 18% rise over last year. More optimistic estimates even exceed 800,000 mt, which would be 24% up on the 640,000 mt produced last year.

Lower prices, higher export expectations

These encouraging pr

View related articles
Go to the News Overview

Pine nuts: China's shocking dependency

BEIJING/REUS. The pandemic has disrupted supply chains and highlighted incremental problems. Pine nuts are no exception to this. The market was, however, stunned to find out to what extent China depends on external raw material supplies. China's production consequently fell well short of expectations in the current season due to supply chain disruptions. Production estimates have now been slashed by nearly 50%. Things are, however, expected to improve in 2021/2022.
7/21/21, Der AUDITOR

Hazelnuts: with pomp and circumstance

ORDU. President Recep Tayyip Erdoğan is expected to announce the TMO bid for hazelnuts with pomp and circumstance in Giresun next week. Although Turkey is mainly closed for Eid this week, the central bank has caused some commotion in the market by keeping the key interest rate unchanged at 19% - quite against Erdogan’s wishes. This move has certainly taken analysts by surprise. Suppliers are wondering in how far the central bank chief will be able to maintain his independence.
7/19/21, Der AUDITOR

Pistachios: traders refute INC assessment

TEHRAN/REUS. Traders are highly concerned over Iran’s ability to compete in the international pistachio market. Although recently issued export data was rather encouraging, frost and extreme heat will certainly impact this year’s production. On top of this, farmers are confronted with several problems. Local traders very much contradict the International Nut and Dried Fruit Council’s (INC) optimistic outlook.
7/19/21, Der AUDITOR

Pecans: high buying interest motivates growers

ATLANTA. Year-on-year, US pecan shipments rose by more than 26% during the first nine months of the season. This is motivating farmers to increase acreage to meet the high demand.
7/15/21, Der AUDITOR