Turkish hazelnut market still on pause, Georgian harvest to start earlier than usual

Published 2023년 7월 13일

Tridge summary

The Turkish hazelnut market is facing challenges as hazelnut prices set by the Turkish Grain Board are too high for stakeholders and buyers are not interested in purchasing at these prices. This has led to a stagnation in the Turkish market, benefiting the Georgian market to some extent. However, the situation in Turkey, including high prices and the devaluation of the Turkish lira, may complicate things in the new season. Georgia has likely already exported most of its hazelnut stock and is preparing for a larger production volume in the upcoming season.

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

Original content

EastFruit analysts continue to monitor the current situation in the Turkish and Georgian hazelnut markets. Hazelnut prices set by the Turkish Grain Board (TMO) still seem too high for Turkish stakeholders. TMO, which buys and sells hazelnuts in the Turkish market, intended to sell 23,000 tons of hazelnuts, but sales are not going well. According to Mundus-Agri, buyers are not interested in buying at current prices. TMO wants to sell hazelnuts above TRY68.00/kg ($2.60 as of 12-07-2023), which is an "unhealthy" price to support exports. The news portal disseminates information that, according to Turkish exporters, TRY63.00-65.00/kg ($2.41-$2.49, 07.12.2023) would be the best price. It is also noted that these nuts were purchased at a price of TRY58/kg ($2.22, 12/07/2023). See also: Türkiye will start selling state stocks of hazelnuts – exporters are unhappy with prices The current stagnation in the Turkish market has benefited the Georgian market to some extent. According to the ...

Source: Eastfruit