Hazelnuts: exporters disappointed with Ferrero

December 7, 2020 at 10:37 AM , Der AUDITOR
Play report as audio

ORDU. Ferrero finally issued a bid price for raw kernels on Thursday. Exporters are highly disappointed with the November decline in overseas shipments.

Ferrero sets price limit

Since Ferrero waited before finally issuing a bid price on Thursday concerns were voiced that the market giant may put off issuing a price until next year. In issuing a bid price of TRY 47.25/kg for raw kernels Ferrero is taking advantage of subdued export demand. November exports ranged as low as 23,000 mt. Although raw nut prices have risen nominally, exporters are dismayed because the bid price is too low for them to be able to compesate for the decline in overseas shipement by selling to Ferrero.

Dissastisfaction is now taking ho

View related articles

Go to the News Overview
Nuts
Nov 25, 2024
NEW DELHI/BUENOS AIRES. Prices for Indian peanuts are currently volatile and there is disagreement as to whether they will rise or fall in the coming weeks; both seem possible. Argentine market players are facing numerous challenges.
Nuts
Nov 25, 2024
FRESNO. Domestic demand is strong for US pistachios. Exports to China have slumped. Water is an issue in California.
Nuts
Nov 22, 2024
ORDU. While producers are patiently waiting for Ferrero to conduct the next move, producers are holding back incredible volumes of hazelnuts in Turkey.
Nuts
Nov 21, 2024
BRUSSELS. Eager suppliers are urging customers to act fast for pine nuts in China and Turkey. As recent import statistics show Russia’s export duties have failed to impress buyers in the EU this season so far..