Hazelnuts: TMO takes desperate action

February 2, 2023 at 10:36 AM , Der AUDITOR
Play report as audio

ORDU. Suppliers in Turkey are utterly shocked and surprised by the TMO’s decision to sell hazelnuts. Initial assumption was that the state-run organisation would try to hold on to its stocks to prevent prices from tumbling before the general election in June.

Price shock

Instead, the TMO announced on Wednesday that it would sell part of its stocks at shockingly low prices, namely 20,000 mt of the 2021 crop in Levant quality at TRY58.00/kg as well as 8,000 mt of the 2022 crop (5,000 mt in Levant quality and 3,000 mt in Giresun quality) at TRY 61.00/kg. Interested parties need to pay 10% in advance and apply by 07 February.

This announcement immediately prompted the prices for Levant quality inshell nuts to fall from TRY 61.50/kg to TRY 56.00/kg and expectation is that they will drop as low as TRY 55.00/kg. While t

View related articles

Go to the News Overview
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..
Nuts
Nov 20, 2024
HANOI. No other country exports as many processed cashew kernels as Vietnam. However, processors are dependent on high RCN imports, which are detrimental to domestic producers. EU imports have increased.
Nuts
Nov 18, 2024
NEW DELHI/BUENOS AIRES. Prices on the Indian peanut market have fallen steadily in recent months and now have hardly any room for further declines. A record acreage is expected in Argentina, while anxious eyes are focussed on the USA.
Nuts
Nov 18, 2024
SACRAMENTO. October has shown a noted shift in demand for US almonds. Suppliers are much more confident. Speculations prevail as to the final crop size in California.