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Hazelnuts: TMO’s decision comes as a shock

October 29, 2018 at 9:42 AM , Der AUDITOR
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ORDU. On Friday, the TMO announced that it intends to conduct purchases. This came as a total shock to the market, which had previously expected the agency to remain inactive until January at least.

 

Market is in a state of shock

The TMO now intends to offer the farmers 14 TRY/kg plus a special bonus of 2 TRY/kg as of 1 November. Until Friday, the farmgate prices stood at 12.75 TRY/kg, they then, however, jumped by 20%. Exchange rate fluctuations have also pushed prices further up.

On Friday, the market was in a state of shock. Market prices have surged, and many sellers have retreated from the market to allow for enough time to observe the situation. Market players in Turkey are relived that today’s Republic Day will provide at leas

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