Frost certainly sparked panic at the end of March. Luckily, however, only shrubs in higher altitudes were affected and any potential damage will not have a large impact on the crop. Suppliers, nevertheless, panicked and sent prices soaring to TRY 59.50/kg for Levant quality hazelnuts, whereby the TMO’s first round of sales initially stabilised the market at TRY 55.00-57.00/kg. Paralysed, many refused to sell.
After it emerged that there is no extensive frost damage to be reported prices started to decline again and are now on a similar level