Hazelnuts: market players sell positions

June 8, 2020 at 9:54 AM , Der AUDITOR
Play report as audio

ORDU. Turkey's official hazelnut production estimates by no means correspond with market expectations. This also has an impact on prices.

Production estimates fall short of expectations

Some market players had intitially reckoned that production would range below 600,000 metric tonnes, which prompted them to hold back. Turkey's recently issued prodcution estimates have now, however, caused the market to reckon with a production of 600,000-650,000 metric tonnes. Some traders have now sold some of their stocks and farmgate prices have declined to TRY 0.46 per kg. Zhe Turkish lira has also declined invalue, whihc is playing into the hands of the export market.

Hazelnuts, Turkey

Size

EUR/kg

Natural, 11-13 mm

7.00

Diced, 2-4 mm

7.90

Meal, 0-2 mm

7.00

Hazelnut paste

6.40

DDP Germany

Negotiations start for new crop

Market players reckon that the lower prices will fail to attract buyers and that the downward trend will continue. Although contracts have not been concluded so far, the negotiations for the new crop have started. Demand for the new crop is expected to rise over the next few weeks.

 

Attached Files

File icon
price chart hazelnut kernels natural Turkey

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.