Turkish hazelnut exports are going nowhere, with prices doubling.

Published 2025년 10월 11일

Tridge summary

Core Insight: According to Mintec/Expana, the globally largest IOSCO-certified agricultural food price reporting agency, the Turkish hazelnut industry is currently facing severe challenges in this crop season. The main issues are continuous price increases, tight supply, and a bleak export situation. Despite earlier expectations that prices would stabilize, ongoing cost increases and producers and traders holding back inventory have further exacerbated supply pressures.

Original content

The Turkish Grain Board (TMO) unexpectedly announced its procurement plan early in August, with the purchase price for Giresun grade hazelnuts at 200 Turkish Liras per kilogram (equivalent to 4.83 USD), and for Levant grade at 195 Turkish Liras per kilogram (equivalent to 4.71 USD). Despite the significant increase in Lira terms compared to last year, producers generally reported that the current prices still fail to cover inflation and production costs. Reviewing recent procurement prices: For the 2024/25 season, TMO purchased Giresun grade hazelnuts at 132 Liras per kilogram, and the previous season's procurement price was 84 Liras (nearly 60% higher than the 53 Liras procurement price of the 2022/23 season). Currently, domestic prices in Turkey are mainly driven by high inflation and supply shortages. Since TMO announced the procurement prices, local prices have surged to 320-350 Liras per kilogram (equivalent to 7.73-8.46 USD) by the third week of September, according to ...

Source: Foodmate