Nuts

Hazelnuts: still no TMO prices

July 20, 2020 11:04 AM, Der AUDITOR
Play report as audio

ORDU. Market players expected a statement on the official TMO prices for the coming hazelnut season in vain last week . Instead, the announcement is to come from the very top in the next few days.

Bold offers for new crop

As the Turkish Minister of Agriculture announced during his visit to the Black Sea coast last week, President Recep Tayyip Erdoğan will announce the base prices of the TMO himself in the coming days. For the time being, the prices for the new crop remain rather speculative, while buyers are still cautious about long-term coverage despite the growing demand.

Export prices for goods from the old crop are currently at EUR 6.00 per kg DDP Germany, while offers for new crop vary between EUR 6.39-6.52 per kg. After the last upward correction of the crop estimate to 660,000-665,000 metric tonnes, a few very courageous traders are speculating even with prices below EUR 6.00 per kg DDP Germany for new crop hazelnut kernels, natural, 11-13 mm.

Hazelnuts, Turkey

Size

EUR/kg

Natural, 11-13 mm

6.00

Diced, 2-4 mm

6.60

Meal, 0-2 mm

5.95

Hazelnut paste

5.30

DDP Germany

Germany increases imports from Georgia

In the first nine months of this season, Germany imported a total of 53,295 metric tonnes of shelled hazelnuts, about 3% more than last year at this time. While shipments from Turkey and Georgia increased by 11.6% and 129% respectively, the import volume from Italy and Azerbaijan decreased by 27% and 15% respectively.

Hazelnut kernel imports to Germany, in mt

Country

2019/20

2020/21

Diff.

Turkey

34,328

38,294

11.6%

Italy

11,733

8,586

-26.8%

Georgia

911

2,086

129.0%

Azerbaijan

3,533

3,008

-14.9%

Others

1,072

1,321

23.2%

Total

51,577

53,295

3.3%

Federal Statistical Office of Germany; Sep-May

View more information
price chart, hazelnut kernels, natural, Turkey
more price charts

Attached Files

File icon
Price chart Hazelnut kernels, natural, 11-13 mm, Turkey

View related articles

Go to the News Overview
Nuts
Aug 2, 2022
ORDU. President Recep Tayyip Erdoğan’s announcement of the Turkish Grain Board’s (TMO) purchasing price for new crop hazelnuts caused a bit of confusion on Saturday. Although the state-run organisation clarified prices on Monday, traders do not think that the market will buy into them. Rumour has it that Ferrero has swiftly responded.
Nuts
Aug 1, 2022
NEW DELHI/ATLANTA. Farmers are switching to more attractive alternatives such as cotton or soy in India and in the United States. China's peanut production will only rise nominally in 2022/2023 and US suppliers are having a hard time competing with India.
Nuts
Jul 28, 2022
ORDU. President Recep Tayyip Erdoğan will announce the TMO’s purchasing price for hazelnuts this week and guesses are running wild. Lucky buyers can purchase organic hazelnuts at a discount.
Nuts
Jul 28, 2022
ZARANDIEH. Iran’s Markazi province may only rank sixth in terms of the area under cultivation and crop size, but Zarandieh county is the country’s leading producing area for organic pistachios. Turkey will replace Iran as second most important producer in 2022/2023.