Nuts

Hazelnuts: TMO fails farmers and exporters

July 7, 2023 at 10:37 AM , Der AUDITOR
Play report as audio

ORDU. Times are difficult for hazelnut suppliers in Turkey. Not only did president Recep Tayyip Erdoğan’s re-election spark chaos but the TMO has also done nothing to help.

Toxic prices

On the contrary, the TMO bids are way too high for buyers to be seriously interested and uptake is slow. Market perception is that the TMO bid over TRY 68.00/kg is too unhealthy to boost exports and that a bid of TRY 63.00-65.00/kg would have been better. Exporters also highlight that the TMO only paid farmers TRY 52.00/kg at the start of the season and if it succeeds to sell the intended 23,000 mt, profits will be huge. The selloff of the Turkish lira witnessed immediately after Erdoğan was re-elected also failed exporters. Trouble is the high degree

View related articles

Go to the News Overview
Nuts
Jul 18, 2024
BRUSSELS/ORDU. Given that prices have surged this season it is quite remarkable that EU imports have risen for hazelnuts in the first six months of the year. Suspense is palpable in Turkey with the TMO and Ferrero expected to take decisive action very soon. Offers for the new crop are circulating.
Nuts
Jul 17, 2024
HANOI/NEW DELHI. Vietnam's exports in the first half of 2024 are quite impressive, and many destination countries have increased their purchase volumes. Meanwhile, prices in India remain stable.
Nuts
Jul 16, 2024
SACRAMENTO. Opinions may be contradicting but June was a very strong month for US almonds. With the season in its final stages concerns are being voiced over remaining supplies and the state of the new crop.
Nuts
Jul 15, 2024
NEW DELHI/BUENOS AIRES. In India, peanut prices continue to fall with the prospect of a good crop. Demand in Argentina is good, while Brazil is struggling badly. In the USA, the weather will prove decisive.