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Hazelnuts: uncertainty prevails

June 21, 2021 at 10:07 AM , Der AUDITOR
Haselnussfelder, Ordu, Türkei
Haselnussfelder, Ordu, Türkei
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ORDU. Trading is subued in Turkey's hazelnut market as uncertainty prevails and buyers prefer to wait. The TMO is still to issue a bid price and the Turkish lira has lost in value. Market players are also waiting for Ferrero to act. Traders are, nevertheless, drawing conclusions as to how prices will develop.

Waiting for the TMO

Some market players feel that the current season has already finished. Issue is that the TMO is only expected to issue a bid price along with purchasing details in around six weeks. Ferrero will, in addition, only send a signal once the TMO has taken a decision. Many processors and crackers will also close for cleaning and maintenance at the start of August before the harvest is due to start, which will slow down trading even more. 

Turkey has shipped more than 254,000 mt of hazelnuts without shell overseas this season so far. Weekly

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