Hazelnuts: still no TMO prices
July 20, 2020 at 11:04 AM ,
Der AUDITOR
Bold offers for new crop
As the Turkish Minister of Agriculture announced during his visit to the Black Sea coast last week, President Recep Tayyip Erdoğan will announce the base prices of the TMO himself in the coming days. For the time being, the prices for the new crop remain rather speculative, while buyers are still cautious about long-term coverage despite the growing demand.
Export prices for goods from the old crop are currently at EUR 6.00 per kg DDP Germany, while offers for new crop vary between EUR 6.39-6.52 per kg. After the last upward correction of the crop estimate to 660,000-665,000 metric tonnes, a few very courageous traders are speculating even with prices below EUR 6.00 per kg DDP Germany for new crop hazelnut kernels, natural, 11-13 mm.
Hazelnuts, Turkey |
|
Size |
EUR/kg |
Natural, 11-13 mm |
6.00 |
Diced, 2-4 mm |
6.60 |
Meal, 0-2 mm |
5.95 |
Hazelnut paste |
5.30 |
DDP Germany |
Germany increases imports from Georgia
In the first nine months of this season, Germany imported a total of 53,295 metric tonnes of shelled hazelnuts, about 3% more than last year at this time. While shipments from Turkey and Georgia increased by 11.6% and 129% respectively, the import volume from Italy and Azerbaijan decreased by 27% and 15% respectively.
Hazelnut kernel imports to Germany, in mt |
|||
Country |
2019/20 |
2020/21 |
Diff. |
Turkey |
34,328 |
38,294 |
11.6% |
Italy |
11,733 |
8,586 |
-26.8% |
Georgia |
911 |
2,086 |
129.0% |
Azerbaijan |
3,533 |
3,008 |
-14.9% |
Others |
1,072 |
1,321 |
23.2% |
Total |
51,577 |
53,295 |
3.3% |
Federal Statistical Office of Germany; Sep-May |
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