Hazelnuts: shift in attention to prompt buying

April 12, 2021 at 12:36 PM , Der AUDITOR
Play report as audio

ORDU. As many buyers in Europe enjoyed are prolonged Easter break, the recent revival in demand for hazelnuts was cut short. With attention shifting towards this year’s crop and speculations as to the TMO’s intention of intervening in the market, the situation may, however, change soon. Market prices have also taken a rather surprising turn.

Stubbornly firm prices

Prices have, in fact, remained stubbornly firm considering that the growers have started selling their supplies. Market players rate this as a sure sign that frost will not provide any danger any longer. In addition, the current interest rates certainly render it more attractive for growers to sell their nuts and have cash in their accounts than to keep their supplies stored. Interest rates presently tend to range above 20% for taking out loans. As prices are expected to decline it its too expensive to hold positions simply to be able to specu

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..