Hazelnuts: reality starts kicking in

November 3, 2022 at 10:12 AM , Der AUDITOR
Play report as audio

ORDU. Aggressive buying coupled with sluggish demand and unrealistic prices are a toxic mixture for any market. Now reality is starting to catch up with the TMO, whose bids for hazelnuts have simply been too attractive.

TMO fails to consider consequences

Although growers have queued in recent weeks to sell their supplies to the state-run organisation at way above market prices of TRY 52-53/kg, the intake has now slowed. Not only are traders casting doubt over the TMO’s ambitious target of purchasing 220,000 mt of inshells this season the organisation is also confronted with a practical dilemma.

Issue is that the TMO is desperately looking for additional warehouses, while demand remains sluggish. Officials have even approached large suppliers throughout Turkey asking t

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.