Nuts

Hazelnuts: TMO fails farmers and exporters

July 7, 2023 at 10:37 AM , Der AUDITOR
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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

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