Hazelnuts: Ferrero as joker

September 1, 2022 at 9:50 AM , Der AUDITOR
Play report as audio

ORDU. While growers are still busy harvesting hazelnuts in Turkey, reports of rather strange quality issues are emerging. Not only are market prices far from attractive but cash is also not easy to obtain for exporters requiring supplies. Joker, however, is Ferrero.

Tricky price gap

With farmers still busy harvesting arrivals are slow to pick up. This is, however, not the only reason why they are delayed. Problem is also the price gap existing between free market prices and the TMO. As free market prices range at TRY 44-45/kg and the state-run organisation is offering TRY 52/kg, most farmers prefer to either sell their supplies to factories or to book appointments with the TMO. Middlemen, who buy hazelnuts directly from farmers, especially from those who grow hazelnuts in high altitudes and for whom it is inconvenient to transp

View related articles

Go to the News Overview
Nuts
Nov 7, 2024
DODOMA/NEW DELHI. The cashew harvest in the southern hemisphere is in full swing and Tanzania is recording good sales. Christmas and Chinese New Year are currently dominating demand on the global market.
Nuts
Nov 7, 2024
ISTANBUL/FRESNO. Dubai chocolate Is not to blame for the current standstill in trading pistachios in Turkey. US exports were highly disappointing in September. Yet, the tide is about to turn with more upbeat prospects emerging in California.
Nuts
Nov 6, 2024
MADRID/SACRAMENTO. While global almond production cannot quite fulfil the expectations expressed in the spring, the yield outlook for the 2024/2025 season remains positive.
Nuts
Nov 6, 2024
ORDU/REUS. Quality issues persist for hazelnuts in Turkey. Ferrero is keeping exporters busy. Georgia is attracting customers. For the INC it is impossible to update the crop estimate for Turkey.