On-the-Ground Updates

Turkey Hazelnut Price Is in the Lowest Point, Golden Chance to Buy and Sell

Raw Hazelnut

Turkiye

Market & Price Trends

Caroline Le Foll

Published Jun 2, 2022

Despite Erdoğan’s assurances that inflation would improve after May, the Turkish lira has lost ground in recent weeks. The local currency was even devalued by more than 20% immediately after treasury and finance minister Nureddin Nebati suggested that the lira had reached its lowest point. High inflation coupled with Erdogan’s unorthodox interest rate policy, nevertheless, presents a bizarre opportunity for speculators. Suppliers have also issued cautious offers for the new crop of hazelnuts.

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