Turkey: Hazelnut and TMO statement from the AK Party

Published Nov 10, 2022

Tridge summary

The article outlines the ongoing discussion around the potential extension of the Turkish Grain Board's (TMO) hazelnut purchase period, which is set to end on December 31. This situation has gained increased attention due to the significant difference between the market price of hazelnuts and the price paid by the Grain Board. As TMO has so far purchased nearly 150 thousand tons of hazelnuts, there is debate among producers about the impact on the free market if TMO were to cease its purchases. Metin Gündoğdu, the AK Party Army Deputy, has highlighted the need for a meeting to discuss the possibility of extending the purchase period and has underscored the importance of addressing the financial implications of continuing these purchases.

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Original content

AK Party Army Deputy Metin Gündoğdu, on whether the period of the Grain Board, which will end the hazelnut purchase at the end of December, will be extended, said, "This period will be extended if there is a need." said. This season, the importance of the Turkish Grain Board's purchase of hazelnuts has increased even more as the hazelnut price in the free market remained below what was expected. TMO, which has bought nearly 150 thousand tons of hazelnuts so far, will end its hazelnut purchase on 31 December. Now, the question is whether the purchase period of TMO will be extended. While the producers want TMO to continue buying hazelnuts, they say that even when TMO buys hazelnuts, the free market buys hazelnuts from 8 liras low 44 liras, and that they are concerned that the hazelnut price in the free market will decrease further if TMO ends its hazelnut purchase. On the subject, AK Party Army Deputy Metin Gündoğdu made a statement. Gündoğdu said that TMO started to buy hazelnuts ...

Source: Findiktv