Hazelnuts: profit-taking increases pressure on prices

March 2, 2020 at 3:44 PM , Der AUDITOR
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ORDU. Profit-taking caused an unexpected oversupply in the Turkish hazelnut market and thus falling commodity prices in the free market. Some market players...

... parted with supplies which they had bought some time ago at comparatively cheap prices of TRY 16.00-17.50 per kg. With offers of TRY 20.00 per kg they are about TRY 1.00 per kg below the selling prices of the TMO, which is selling 20,000 metric tonnes of its stock, starting on 2 March 2020. Exporters also reacted with price reductions. However, the more decisive factor for the decline in export prices was the political and economic situation in Turkey, as the lira fell significantly in value over the course of last week. Among other things, the economic conseque

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