Revenue of 1.9 billion dollars was obtained from hazelnut exports in Turkey

Published 2021년 1월 10일

Tridge summary

The article highlights a 12.1% decrease in quantity and a 4.1% decrease in foreign currency income in hazelnut exports in 2020, totaling $1,945,299,937 from 280,924 tons, as per the Black Sea Hazelnut and Products Exporters Union. The union attributes this decline to the pandemic, fluctuating currency, and cheaper competition, particularly from Italy, Azerbaijan, and Georgia. The pandemic has led to a shift in preference towards cheaper nuts like almonds, and an increase in the production of these nuts at the expense of hazelnuts. Additionally, the article discusses the effect of mixed nut packages, where manufacturers reduce the hazelnut content in favor of cheaper options, on the decrease in hazelnut exports.

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

Original content

According to the data of the Black Sea Hazelnut and Products Exporters Union (KFMİB); In 2020, 1 billion 945 million 299 thousand 937 dollars were obtained from 280 thousand 924 tons of hazelnut exports in total. Hazelnut exports decreased by 12.1 percent on quantity basis and 4.1 percent in foreign currency income compared to the previous year. In the 2020-2021 hazelnut export season, a total of 106,706 tons of hazelnut was exported between September 1 and December 31, 2020. In return for the exported hazelnuts, 732 million 836 thousand 548 dollars foreign currency input was provided. In the same period of the previous year, the export figure was 168 thousand tons and the foreign currency input obtained was reflected in the records as 1 billion 89 million 716 thousand 881 dollars. The loss of exports between the two years was 36 percent on amount and 32.7 percent on foreign currency basis. 'COMPETITOR COUNTRIES SOLD CHEAPER HAZELNUT' Dursun Oğuz Gürsoy, Deputy Chairman of KFMİB, ...

Source: Haber7