Hazelnuts: exports slump by a third

November 2, 2020 at 9:27 AM , Der AUDITOR
Play report as audio

ORDU. The decline of the Turkish lira has brought hazelnut prices down to an attractive level for overseas buyers. Exports, nevertheless, range well below last year.

Consumers to boost demand

The more favourable export prices of recent weeks have encouraged some buyers to make spot purchases. Export volumes by no means, however, match last year's record performance. Turkey has shipped around 58,622 mt of hazelnut kernels overseas since the start of the season. This is a decline of 42% on last year (approx. 97,000 mt) and around 4% less than in 2018/2019. Exporters are trying very hard, but buyers are holding back on long-term contracts. Suppliers in Europe, nevertheless, hope that the new lockdowns recently imposed in many membe

View related articles

Go to the News Overview
Nuts
Nov 1, 2024
ISTANBUL. As the candy bar Dubai chocolate has gone viral demand is up for pistachios. This has impacted supplies in Turkey.
Nuts
Oct 31, 2024
ORDU. This year’s SIAL was not quite what exporters in Turkey had in mind for hazelnuts. Price negotiations are also extremely difficult.
Nuts
Oct 30, 2024
MANILA/BANGKOK. Drought and pest infestation are causing coconut growers in Thailand a lot of trouble this season. Philippine exporters, however, are pleased with the good export figures.
Nuts
Oct 29, 2024
MADRID/SACRAMENTO. Producers are not quite as optimistic as official government bodies in Spain and California. Exports have started off well for almonds in Spain. US suppliers are urging buyers to act.