The hazelnut crisis resurfaces: Turkey raises purchase prices by over 50%, reaching the highest level in nearly 10 years
게시됨 2025년 8월 13일
Tridge 요약
On August 5, the Turkish National Grain Board (TMO) announced the official hazelnut purchase prices for the 2025/2026 crop season: Giresun grade hazelnuts are priced at 200 Turkish Lira per kilogram (4.93 USD, 35.22 RMB), and Levant grade hazelnuts are priced at 195 Lira per kilogram, representing increases of 51.5% and 50% respectively compared to the previous crop season.
According to the Turkish Today newspaper, the surge in prices has caused deep concern among global chocolate manufacturers. For example, the Italian Ferrero Group, whose annual procurement volume accounts for approximately 25% of Turkey's total hazelnut production, uses hazelnuts as a core ingredient in its products.
Grading and pricing based on kernel yield
According to the Turkish Ministry of Agriculture and Forestry, the benchmark for this pricing is a 50% complete kernel yield. If the kernel yield exceeds 50%, the National Grain Board will pay an additional premium: Giresun grade will increase by 4 Lira per kilogram for every 1% over, and Levant grade will increase by 3.9 Lira per kilogram for every 1% over.
Frost disaster drives prices to nearly a decade high
A devastating spring frost in April severely impacted the orchards along Turkey's Black Sea coast, reducing the expected yield from the usual 700,000 to 800,000 tons to below 400,000 tons. The supply shock caused the hazelnut price in the free market to approach 180 Lira per kilogram, and futures contract prices exceeded 200 Lira per kilogram.
Industry analysts previously warned that domestic hazelnut prices in Turkey could surge to 300 Lira per kilogram, while international prices could soar to 10 USD per kilogram, marking the highest level since the hazelnut shortage crisis in 2014.
Despite the supply shortage, Turkey exported nearly 143,000 tons of hazelnuts in the first half of 2025, with an export value of approximately 1.2 billion USD. However, exporters are bracing for impact: if the supply remains unstable and price volatility intensifies, the performance in the second half of the year could significantly decline.
According to the Turkish Today newspaper, the surge in prices has caused deep concern among global chocolate manufacturers. For example, the Italian Ferrero Group, whose annual procurement volume accounts for approximately 25% of Turkey's total hazelnut production, uses hazelnuts as a core ingredient in its products.
Grading and pricing based on kernel yield
According to the Turkish Ministry of Agriculture and Forestry, the benchmark for this pricing is a 50% complete kernel yield. If the kernel yield exceeds 50%, the National Grain Board will pay an additional premium: Giresun grade will increase by 4 Lira per kilogram for every 1% over, and Levant grade will increase by 3.9 Lira per kilogram for every 1% over.
Frost disaster drives prices to nearly a decade high
A devastating spring frost in April severely impacted the orchards along Turkey's Black Sea coast, reducing the expected yield from the usual 700,000 to 800,000 tons to below 400,000 tons. The supply shock caused the hazelnut price in the free market to approach 180 Lira per kilogram, and futures contract prices exceeded 200 Lira per kilogram.
Industry analysts previously warned that domestic hazelnut prices in Turkey could surge to 300 Lira per kilogram, while international prices could soar to 10 USD per kilogram, marking the highest level since the hazelnut shortage crisis in 2014.
Despite the supply shortage, Turkey exported nearly 143,000 tons of hazelnuts in the first half of 2025, with an export value of approximately 1.2 billion USD. However, exporters are bracing for impact: if the supply remains unstable and price volatility intensifies, the performance in the second half of the year could significantly decline.
원본 콘텐츠
On August 5, the Turkish National Grain Board (TMO) announced the official hazelnut purchase prices for the 2025/2026 crop season: Giresun grade hazelnuts are priced at 200 Turkish Lira per kilogram (4.93 USD, 35.22 RMB), and Levant grade hazelnuts are priced at 195 Lira per kilogram, representing increases of 51.5% and 50% respectively compared to the previous crop season. According to the Turkish Today newspaper, this price surge has caused deep concern among global chocolate manufacturers. For example, the Italian Ferrero Group, whose annual procurement volume accounts for approximately 25% of Turkey's total hazelnut production, uses hazelnuts as a core ingredient in its products. Grading and pricing based on kernel yield According to the Turkish Ministry of Agriculture and Forestry, the benchmark for this pricing is a 50% complete kernel yield. If the kernel yield exceeds 50%, the National Grain Board will pay an additional premium: Giresun grade will increase by 4 Lira per ...
출처: Foodmate
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