Will the price of hazelnut in Turkey increase?

Published Oct 10, 2022

Tridge summary

The article highlights the price disparity between the Turkish Grain Board (TMO) and the free market, with hazelnut prices remaining stagnant in the latter. Turkey, a major hazelnut exporter, is expecting an harvest of 860 thousand tons this year. The TMO has set the purchase price for hazelnuts at 52 TL per 50 yield levant quality nuts, which is higher than the free market rates. Prices in the free market vary depending on the quality and region of the hazelnuts. While there is speculation that prices may increase, they are not expected to reach the desired levels.

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

Original content

The price difference between the Turkish Grain Board and the free market continues. Hazelnut prices, one of Turkey's important export products, are stagnant in the free market. Among the important hazelnut centers of Turkey are Ordu, Giresun, Trabzon, Samsun, Düzce, Zonguldak and Sakarya. 860 thousand tons of hazelnut harvest is expected this year in Turkey. The purchase price of hazelnuts in 2022 was announced by President Recep Tayyip Erdoğan in Ordu. TMO buys 50 yield levant quality hazelnuts for 52 TL. The free market is lagging behind the TMO. In Ordu, on Monday, October 10, 50 yielding shelled hazelnuts are traded at 44 TL. Some traders buy inefficient hazelnuts for 45 TL. The price of pebbled hazelnuts unique to Ordu Gölköy and Gürgentepe regions is traded ...

Source: Findiktv