Hazelnuts: profit-taking increases pressure on prices

March 2, 2020 at 3:44 PM , Der AUDITOR
Play report as audio

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

View related articles

Go to the News Overview
Nuts
Nov 25, 2024
NEW DELHI/BUENOS AIRES. Prices for Indian peanuts are currently volatile and there is disagreement as to whether they will rise or fall in the coming weeks; both seem possible. Argentine market players are facing numerous challenges.
Nuts
Nov 25, 2024
FRESNO. Domestic demand is strong for US pistachios. Exports to China have slumped. Water is an issue in California.
Nuts
Nov 22, 2024
ORDU. While producers are patiently waiting for Ferrero to conduct the next move, producers are holding back incredible volumes of hazelnuts in Turkey.
Nuts
Nov 21, 2024
BRUSSELS. Eager suppliers are urging customers to act fast for pine nuts in China and Turkey. As recent import statistics show Russia’s export duties have failed to impress buyers in the EU this season so far..