Italy: Hazelnuts, here are the Inc 2024 forecasts

Published 2024년 4월 3일

Tridge summary

The March 2024 issue of INC Nutfruit Magazine provides insights into the global hazelnut market, detailing production challenges across major producers. Türkiye's yield estimates were lowered due to weather and pest issues, leading to price hikes. Italy's production faced climate adversities, impacting quality and harvest timing, with future concerns about cold hour fulfillment. Meanwhile, the United States experienced a minor revenue dip from weather and quality challenges but is seeing an overall production increase and positive market reception, with potential for growth. These updates highlight the intricate dynamics and challenges within the hazelnut industry.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Updated production estimates for this campaign, species by species, are published in the INC Nutfruit Magazine of March 2024, the official voice of the nuts and dried fruit sector. Let's start with hazelnuts. Türkiye, estimates down The post-harvest yield estimate was revised downwards from initial forecasts, which resulted in market price increases in mid-September (+25%) and early January (+15%). The devaluation of the Turkish lira has dampened hard currency-based prices. Crop contraction will likely be the main topic of discussion until the end of the season. At the time of writing the report, the Turkish Grain Board still had around 100,000 tonnes from the previous harvest. Temperatures in major producing regions were close to average until mid-January, but dropped toward February. Pollination began in early February, with a two-week delay. The weather conditions for the rest of the winter and the bedbug infestation remain worrying and their effects will be assessed in the ...

Source: Myfruit