Local Insights
Turkey Hazelnut Price Is in the Lowest Point, Golden Chance to Buy and Sell
Raw HazelnutTurkeyPrice Trend
Jun 2, 2022
Written by
CL
Caroline Le Foll
Share This Story
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.
Was this insight helpful?
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.