Price: €11.00
Member Price: €0.00

Hazelnuts: a golden opportunity

May 31, 2022 at 10:35 AM , Der AUDITOR
Play report as audio

ORDU. Despite Erdoğan’s assurances that inflation would improve after May, the Turkish lira has lost ground in recent weeks. The local currency even devalued by more than 20% immediately after treasury and finance minister Nureddin Nebati suggested that the lira had reached its lowest point. High inflation coupled with Erdogan’s unorthodox interest rate policy, nevertheless, present a bizarre opportunity for speculators. Suppliers have also issued cautious offers for the new crop.

Speculators run high risk

Although inflation is spiralling out of control and prices are soaring in Turkey, loans present a golden opportunity. Issue is that key interest rates are hovering at 25-30%, whereas inflation officially ranges at a much higher 70%. Speculators can, in other words, obtain loans at 30% buy any product they want and it will gain 70% in value. This has prompted several companies and individuals to invest in hazelnuts, especially since hopes are high that prices will rise and the TMO is keen to stabilise the market. Traders, however, emphasise

View related articles

Go to the News Overview
Nuts
Apr 17, 2025
SACRAMENTO. Exports of US walnuts remain in decline this season. One of the reasons for this is the drop in production of around 27%.
Nuts
Apr 16, 2025
ORDU. While the frost damage in the Turkish growing regions is being evaluated, exporters are not submitting any offers and no deals are being concluded. Exports were correspondingly low last week.
Nuts
Apr 14, 2025
ISTANBUL/TEHRAN. According to the latest data from the International Nut and Dried Fruit Council, global pistachio production has increased by 9.1%. This is due not least to the record result in Turkey.
Nuts
Apr 14, 2025
NEW DELHI/BRASÍLIA. Although Indian peanut prices are currently holding steady, market experts predict them to decline in the near future. Trump's ever changing tariff threats are causing additional chaos. In South America, the harvest is coming to an end.