Hazelnuts: weather conditions add pressure to market

February 1, 2021 at 10:41 AM , Der AUDITOR
Play report as audio

ORDU. The current weather is ideal for the development of the hazelnut shrubs in Turkey. Traders are, however, nervous.

Exports fall 33% short of last year

After the recent hike in domestic demand the market is largely subdued again. Demand also remains subdued in Europe, with the exception of small deals. Turkey has shipped an estimated 130,000 mt of hazelnuts without shell overseas since the start of the season. At just below 200,000 mt exports ranged much higher one year ago.

Prices nearly as low as TMO bid

Although the Turkish lira gained in value last week, this had little impact on the export market. Issue is that the crackers are trying to sell

View related articles

Go to the News Overview
Nuts
Nov 1, 2024
ISTANBUL. As the candy bar Dubai chocolate has gone viral demand is up for pistachios. This has impacted supplies in Turkey.
Nuts
Oct 31, 2024
ORDU. This year’s SIAL was not quite what exporters in Turkey had in mind for hazelnuts. Price negotiations are also extremely difficult.
Nuts
Oct 30, 2024
MANILA/BANGKOK. Drought and pest infestation are causing coconut growers in Thailand a lot of trouble this season. Philippine exporters, however, are pleased with the good export figures.
Nuts
Oct 29, 2024
MADRID/SACRAMENTO. Producers are not quite as optimistic as official government bodies in Spain and California. Exports have started off well for almonds in Spain. US suppliers are urging buyers to act.