Hazelnuts: Ferrero's bid prices generate mixed response

August 24, 2020 at 11:18 AM , Der AUDITOR
Play report as audio

ORDU/TBILISI. Market leader Ferrero has finally issued bid prices for hazelnuts. While farmers are satisfied, crackers feel taken aback by Ferrero's prices. Exporters in Georgia are also confronted with challenges.

Ferrero undercuts TMO

At TRY 21.25/kg for Levantine and TRY 21.50/kg for Giresund hazelnuts, coupled with a surcharge of TRY 0.25/kg for good quality, Ferrero's bid prices range nearly TRY 1.00/kg lower than prices issued by the TMO. Contrary to expectations, however, the prices are still high enough for farmers willing to sell to Ferrero. Supplies should suffice on the free market. At the same time, however, the bid price for processed natural hazelnut kernels of TRY 43.50/kg is too low for the crackers to cover their costs. Initial reports indicate that the qualit

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.