Hazelnuts: exporters exasperated over new cut

October 20, 2022 at 1:50 PM , Der AUDITOR
Play report as audio

ORDU. Demand for hazelnuts is still depressingly low in Turkey at present but the SIAL has taken some suppliers by surprise. Although inflation soared above 80% in September, the central bank has once again cut interest rates.

A faint glimmer of hope

The SIAL in Paris has been a pleasant surprise for some suppliers. Although the trade fair did confirm that demand is a far way off from recovery, some buyers in Europe are certainly showing interest. Most are, however, highly sceptical about purchasing and prefer to wait.

Exports are also slow to pick up this season. Turkey has exported 39,725 mt of hazelnuts worth USD 218 billion so far, which is 23% down in terms of volume on the 51,606 mt exported in the same period last year. Last week, the country shipped 7,824 mt worth USD 44 m

View related articles

Go to the News Overview
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..
Nuts
Nov 20, 2024
HANOI. No other country exports as many processed cashew kernels as Vietnam. However, processors are dependent on high RCN imports, which are detrimental to domestic producers. EU imports have increased.
Nuts
Nov 18, 2024
NEW DELHI/BUENOS AIRES. Prices on the Indian peanut market have fallen steadily in recent months and now have hardly any room for further declines. A record acreage is expected in Argentina, while anxious eyes are focussed on the USA.