Price: €11.00
Member Price: €0.00

Hazelnuts: failure to generate demand

February 9, 2023 at 12:33 PM , Der AUDITOR
Play report as audio

ORDU. Demand or rather the lack of it certainly is the issue for hazelnuts this season. Yet, prices surged in Turkey. Although the TMO’s decision to sell came as a shock to suppliers, the impact is most welcome.

Demand is the issue

Prices, in fact, unexpectedly surged in December driven by limited availability of raw nuts and surprisingly strong exports as Mondelez and Ferrero apparently bought more than anticipated. Exports were indeed strong in December 2022 as Turkey exported 41,751 mt of hazelnuts (inshell basis) worth USD 244 million, which is only 4% down in terms of volume and 1% down in terms of value on the 43,573 mt worth USD 247 million exported in December 2021 as figures released by the Black Sea Exporters Union show.

Exports, however, fell back to 20,3

View related articles

Go to the News Overview
Nuts
Apr 25, 2025
ORDU. Initial estimates circulating about the extent of the frost damage for the 2025 crop are highly discouraging. The TMO has stopped selling hazelnuts and buyers are responding differently to the current market situation.
Nuts
Apr 24, 2025
MANILA. High demand and low stocks mean that Philippine coconut shipments may be significantly delayed. Prices are also very high, while freight rates continue to decline.
Nuts
Apr 24, 2025
SANTIAGO. Chile has ended the 2024/2025 season on a negative note as the final report issued by ChileNut highlights. Prospects are much better for the current season.
Nuts
Apr 24, 2025
LOXTON/MADRID. According to a news alert issued by the Almond Board of Australia the 2025/26 crop will fall at least 10-20% short of industry expectations. Tariffs have also impacted buying.