Free of charge

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

Size

EUR/kg

Natural, 11-13 mm 

5.30

Diced, 2-4 mm 

5.70

Meal, 0-2 mm 

5.50

Hazelnut paste

5.15

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
Nuts
Jun 12, 2025
ORDU. Not only is the TMO expected to jump into action very soon, but crop estimates might also be revised with frost not being the only decisive factor.
Nuts
Jun 11, 2025
DALIAN/SANTIAGO. Suppliers in China have issued a first assessment for the 2025 crop. Chile’s exports are finally gaining traction for walnuts.
Nuts
Jun 10, 2025
NEW DELHI. As the Indian government is gradually releasing its old crop stocks for sale at favourable prices, the pressure on peanut prices is not abating. The market for peanut oil, however, is quite active.
Nuts
Jun 10, 2025
MOMBASA/BEIJING. Authorities have cracked down on smugglers in Kenya. For suppliers in China the export ban for macadamias is a serious problem. Trump’s tariffs have so far failed to shake the industry.