Free of charge

Hazelnuts: unexpected shift

January 9, 2023 at 11:36 AM , Der AUDITOR
Play report as audio

ORDU. Things have certainly turned crazy for hazelnuts in recent weeks. Not only have prices surged against all odds, for which Mondelez and Ferrero are partly to blame, but exports have also taken an unusual turn.

Twist in exports

Buyers in Europe may have been on holiday, but exports hit 10,626 mt worth USD 64 million in the last week of December. Shipments of pre-season contracts, in fact, intensified throughout December and total exports climbed to 130,606 mt worth USD 742 billion between 01 September and 31 December 2022. This is only 17% down in terms of volume and but 24% down in terms of value on the 157,715 mt of hazelnuts worth USD 977 billion exported in the same period in 2021.

Although exporters have been complaining about low demand throughout the season, the upsurge in December shipments has contributed to the recent price hike, which took suppliers by surprise. Domestic prices also rose to TRY 110/kg for raw Levant kernels size 11-13 mm and to TRY 116-117/kg for size 13-15 mm in the run up to new year amid limited supplies and an uptick in demand for bigger sizes. Suppliers also state that Mondelez and Ferrero bought large volumes in the domestic market. According to official reports the TMO was only able to purchase 131,000 mt of inshell hazelnuts.

Prices to remain high

At EUR 6.20/kg (USD 6.60/kg) the year has started off with prices not witnessed higher in January since 2020. Suppliers reckon that prices will remain at this level or even rise further if export demand continues at this pace. While demand will be remain driver in the next few weeks, attention will however eventually shift towards the new crop.

Hazelnuts, Turkey

Size

EUR/kg

USD/kg

Natural, 11-13 mm

6.20

6.60

Natural, 13-15 mm

6.65

7.08

Diced, 2-4 mm

6.90

7.35

Meal, 0-2 mm

6.25

6.65

Paste, premium

5.80

6.17

DAP Central Europe

 

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

View related articles

Go to the News Overview
Nuts
Sep 15, 2025
SACRAMENTO. According to the August Position Report issued by the Almond Board of California, domestic demand slumped in August, whereas exports picked up. Inventories are strained.
Nuts
Sep 12, 2025
ORDU. Shock prevails in Turkey as buyers need to absorb a the current market situation for hazelnuts. Exporters are running a high risk in selling. September is showing signs of a very weak start to the new export season. The Central Bank has cut the key interest rate.
Nuts
Sep 10, 2025
SACRAMENTO. Issued on 4 September, the USDA’s Objective Measurement Report for walnuts is highly upbeat about this year’s crop. This optimism is also shared in California. Shipments slumped in 2024/2025 as the final “Shipments Report” for August issued by the California Walnut Board shows.
Nuts
Sep 9, 2025
MANILA. Desiccated coconuts are trading relatively firm in the Phillippines. Container prices are finally regaining some strength.