Worst scenario for Turkish hazelnuts

Published 2022년 10월 6일

Tridge summary

The President of the Sakarya Commodity Exchange, Adem Sarı, has expressed concern over the potential negative impact of speculation on the hazelnut market in Turkey. He warns that this could lead to a decrease in Turkey's share in the global hazelnut production from the current 70% to 50% within the next 15 years. Sarı emphasizes that speculation harms producers, traders, and exporters and advocates for logical strategies to protect the industry instead.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Sakarya Commodity Exchange President Adem Sarı said, “It is the producers, traders and exporters who lose with speculation. It is predicted that our country's share in world hazelnut production will decrease to 50 levels in the next 15 years. said. Sakarya Commodity Exchange (STB) Chairman of the Board Adem Sarı stated that the loser with the speculations in hazelnuts is the producer, trader and exporter. Arguing that the hazelnut planting area has increased 3 times in 10 years, President Adem Sarı said in his statement, "Speculations in the hazelnut market, which is our national and strategic agricultural product, which has the largest share in our exports without imported inputs, harms hazelnuts and our country. The planting areas of hazelnut in new geographies have increased approximately 3 times in the last 10 years and continue to increase rapidly. As a matter of fact, the share of our country in world hazelnut production decreased from 85 to 70's. In the projections made, it ...
Source: Findiktv

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