Hazelnuts: tough decisions

June 28, 2021 at 10:44 AM, Der AUDITOR
Play report as audio

ORDU. Local reports over shrubs losing large amounts of hazelnuts in Turkey have not been confirmed so far. However, the market is in disarray as producers backed the wrong horse in reckoning with an increasingly weak Turkish lira. Problem now is that the lira is much more stable than anticipated and suppliers have to backtrack. With prices drifting further apart buyers are prompted to act.

Lack of interest in long-term contracts

Reports over shrubs losing large amounts of hazelnuts have not been confirmed so far and inshell production is still expected to range just below 800,000 mt. As the Turkish lira is trading firmer again this has prompted exporters to raise their prices. One problem, however, is that producers had anticipated a weak Turkish lira prompting some to consider this in inssuing offers for this year's crop. Now they are waking up to reality. Issue is that the market is less willing to speculate on exchange rate fluctuations and that prices have to be adjusted.

Prices are in fact drifting further apart, even for raw kernels, with higher prices being issued more and more often. This has prompted some buyers to respond, which has nominally revived demand. Traders are, however, still dissappointed with the buyers' lack of willingness to commit to long-term contracts. And yet, it should be noted that the TMO still has to issue a bid price and that Ferrero's response will be decisive. 


Hazelnuts, Turkey



Natural, 11-13 mm 


Diced, 2-4 mm 


Meal, 0-2 mm 


Hazelnut paste


DDP Central Europe


View more
price chart, hazelnut kernels, natural, Turkey
price charts for edible nuts, dried fruit, oilseeds and more

Attached Files

File icon
price chart hazelnut kernels natural Turkey

View related articles

Go to the News Overview
Feb 8, 2023
SACRAMENTO/CHIȘINĂU. For the first time, Moldovan market players have to deal with carry-over stocks; until now they were able to sell their entire production to the EU. This has changed this season due to the ongoing economic crises.
Feb 8, 2023
CANBERRA/MADRID. Last year, Australia was able to achieve the best November exports ever, and overall, the current season seems to be developing into a record year for Australia's almond industry. Growers in Spain, however, are less satisfied.
Feb 8, 2023
ATLANTA. Although reports state that demand for US pecans has risen by 10.5% this season so far, it should be noted that this trend is only driven by domestic demand. Exports paint a totally different picture.
Feb 7, 2023
CANBERRA/WASHINGTON, D.C. Macadamias South Africa (SAMAC) has raised the production estimates for 2022. Farmers in Kenya are prompted to switch from coffee to the highly attractive nut and China has issued simply unbelievable production estimates. Global production and demand are on the rise. Yet, not everyone is happy.