Hazelnuts: Turkish lira declines sharply in value

March 1, 2021 at 10:44 AM , Der AUDITOR
Play report as audio

ORDU. Although raw kernel prices have recently remained firm, the situation is entirely different in the export market. The hazelnut growers are highly cautious as more frost has been forecast.

Production prospects remain encouraging

Inspections of the orchards hit by nighttime frost have confirmed market expectations. The extent of the damage is limited and losses are currently estimated at 7%-8%. Since production prospects are encouraging, the market should be able to cope well with this nominal decline. Growers, nevertheless, remain cautious and have a close eye on the development of the crop as more frost has been forecast next week.

Exchange rate fluctuations weigh on export prices

Trading remains largely subdued in Tu

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..