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Hazelnuts: suppliers withdraw due to chaos

December 15, 2022 at 11:24 AM , Der AUDITOR
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ORDU. Current hazelnut prices defy common sense in Turkey. Some suppliers have even withdrawn from the market as the situation is far from sustainable.

Crazy prices

Manipulations are rife as raw nut prices have spiralled out of control and outpace demand by far. Although domestic demand has picked up in the run up to New Year and there has been some last-minute buying from overseas customers, export demand still ranges lower than last year. Turkey’s hazelnut exports only reached 106,846 mt worth USD 602 million for the season as of 11 December, which is 19% down in terms of volume and 27% down in terms of value on the 131,220 mt worth USD 826 million shipped in the same period last year. Weekly exports recent

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