Declining Hazelnut Kernel Prices in the Chinese Market Amidst Low Demand and Anticipated Arrival of New Supply

In W27, the selling price of hazelnut kernel dropped in the Chinese market. The wholesale price ranges from USD 8.61-8.89/kg (RMB 62-64/kg). The demand for hazelnuts remains low, primarily due to the hot summer weather. Additionally, it is anticipated that a few new containers will arrive at Qingdao port in Jul-23, potentially exerting further downward pressure on the price.