Nuts

Hazelnuts: TMO steps in

June 13, 2023 at 12:17 PM , Der AUDITOR
Play report as audio

ORDU. At long last the TMO announced that it would start selling hazelnuts on Monday. Although even exporters had called for the state-run organisation to become active, there is a catch.

Shocking prices

The TMO announced that it would sell a total of 23,000 mt of in shell hazelnuts from different warehouses in Trabzon, Sakarya and Ordu. Welcome as this news is, the prices on offer are highly controversial. Trouble is that the TMO is asking TRY 68/kg for regular Levant quality nuts and TRY 65/kg for pointy in-shell hazelnuts. Exporters are furious as these prices could not be more wrong.

Trouble is that the market is paralysed. Not only did the Turkish lira witness a heavy selloff last week but raw nut prices also hit unreasonably high levels

View related articles

Go to the News Overview
Nuts
Apr 11, 2024
ORDU. In the coming days, the TMO could start selling its raw material stocks. The INC has adjusted its production estimates for the global hazelnut crop.
Nuts
Apr 11, 2024
CAPE TOWN/REUS. According to the INC, macadamia production will increase in the main producing countries and market players are optimistic. A major case of fraud was recently uncovered in South Africa.
Nuts
Apr 9, 2024
SUCRE/REUS. The Brazil nut season has got off to a much brisker start than last year. Bolivia remains the most important producer, while Brazil has suffered losses.
Nuts
Apr 8, 2024
NEW DELHI/REUS. While the Indian peanut market is facing various hurdles, market players in the USA and Argentina are satisfied with the current situation. China remains the most important peanut producer.