Hazelnuts: Turkish lira declines sharply in value

March 1, 2021 10:44 AM, Der AUDITOR
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ORDU. Although raw kernel prices have recently remained firm, the situation is entirely different in the export market. The hazelnut growers are highly cautious as more frost has been forecast.

Production prospects remain encouraging

Inspections of the orchards hit by nighttime frost have confirmed market expectations. The extent of the damage is limited and losses are currently estimated at 7%-8%. Since production prospects are encouraging, the market should be able to cope well with this nominal decline. Growers, nevertheless, remain cautious and have a close eye on the development of the crop as more frost has been forecast next week.

Exchange rate fluctuations weigh on export prices

Trading remains largely subdued in Tu

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