Nuts

Hazelnuts: TMO price comes with a bang

February 17, 2022 3:34 PM, Der AUDITOR
Play report as audio

ORDU. The TMO’s decision to sell 20,000 mt of hazelnuts in Levant and Giresun quality has come as a shock to some market players. Especially since the price the TMO is asking for ranges as high as TRY 39/kg. While buyers in Europe are quite laid back, waiting too long may very well backfire.

TMO shocks market

On Tuesday evening the TMO announced that it would sell 17,000 mt of inshells in Levant quality and 3,000 mt in Giresun quality, both at a price of TRY 39/kg. Interested parties can apply at local TMO offices until 21 February and have to pay 10% in advance. Deliveries will start on 23 February. Market players responded with surprise to the high price the TMO is asking for, especially since the price the organisation paid to the farmers ranged at a much lower TRY 26.5-29.5/kg.

While some decry this move as unethical, others state that the T

View related articles

Go to the News Overview
Nuts
Oct 4, 2022
NEW DELHI. Peanuts are not holding up to expectations in India. Good news, however, is that production is highly promising. Dangerous edible oil mixtures have prompted an alert to be issued.
Nuts
Sep 29, 2022
MADRID/SACRAMENTO. Spain's almond harvest is progressing, but yields leave much to be desired. Market players are also dissatisfied with the development of demand.
Nuts
Sep 29, 2022
ORDU. With the US dollar gaining in strength and the euro losing in value buying and selling hazelnuts has become even more difficult for suppliers in Turkey. There is also some good news concerning the crop.
Nuts
Sep 28, 2022
MANILA. The coconut market, like all other markets, has been badly hit by the crises in the world market. In addition, there is the typhoon season, which has already caused damage in the Philippines; all this will have an impact on prices.