Price: €11.00
Member Price: €0.00

Hazelnuts: U-turn impacts prices

January 5, 2021 at 3:48 PM , Der AUDITOR
Play report as audio

ORDU. Turkey’s U-turn in interest policy is taking effect on the hazelnut market. While production for Ramadan has started in Turkey, traders are voicing their opinion on how prices will develop over the next few months. Unusually mild weather is also been reported.

Exchange rate drives up export prices

Last week, Turkey’s Central Bank raised the interest rate by 2%. Investors are in fact relieved that Turkey ditched its unorthodox interest policy a few months ago and has switched to raising the key interest rate. These movements are slowly but surely prompting investor confidence to return, and analysts reckon that the EUR/TRY exchange rate may remain relatively firm. This has driven up export prices. Buyers in Europe will not be able to profit to the same extent from the weakness in the Turkish lira, which caused export

View related articles

Go to the News Overview
Nuts
Apr 2, 2026
ORDU. Rising financing costs are forcing many stockholders in Turkey to sell their goods – even if they incur losses at current prices. The TMO is not expected to enter the market.
Nuts
Apr 2, 2026
GAZIANTEP. Due to a lack of rainfall and insufficient irrigation, the Turkish pistachio crop could turn out smaller than initially expected. Exports are also falling well short of expectations.
Nuts
Apr 1, 2026
MADRID/REUS. According to current estimates, global almond production for 2025/2026 is at a similar level to the previous year. Spain’s exports have fallen significantly. The majority of shipments are within the EU.
Nuts
Mar 30, 2026
NEW DELHI. Market experts hold widely differing views on the outlook for the Indian peanut market. This is creating further uncertainty in an already volatile market. Prices are down slightly.