Nuts

Hazelnuts: suppliers far from satisfied

November 1, 2021 at 10:43 AM, Der AUDITOR
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ORDU. Although the Turkish lira has found some strength against the US dollar and the euro, exchange rates remain highly volatile. A high degree of uncertainty remains in the hazelnut market. The TMO has purchased around 75,000 mt so far.

Demand not quite as it should be

Republic Day, which was celebrated on Friday, cut the trading week short in Turkey. Unlike in recent weeks, dramatic events did not hit the market. The TMO is still buying around 5,000-5,600 mt per week and if things continue this way will soon have met its target of 100,000 mt (inshell basis). Although prices are relatively firm in Turkey, wide price gaps persist. Issue, however, is that these price gaps now not only exist for processed nuts but also for raw kernels.

These gaps are driven by quality and the way in which supp

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