TMO hit the market like a bomb. This early intervention of TMO was a surprise for everyone. In fact, there was no shortage of hazelnuts in the market. There was a stock problem and this early intervention worked for the stockists. But we will see if the free market will work with those announced figures...
If we look at the stagnation in the hazelnut market statistically, the export value made in January 2022 is 31,963 mt. This is the highest export value reached compared to the same month of the last 5 years. (For this reason, it is more correct to say that it is not very active rather than...
The hazelnut market has been stagnant for a long time. This recession is generally normal in these months. The stocks of the buyers are not finished yet, but they are gradually decreasing. Companies that determine when their stocks will run out seem a little demanding these days, but these demands are related to the future...
Export preparations for the first week of 2022 continue in the last week of the year. In the period when the exchange rate was at its maximum level (2 weeks ago), the uncertain effect created by the high hazelnut prices in TL continues to be reflected in the free market. Although the prices in TL...
Despite the low demand, hazelnut prices reached an all-time high in TL terms in the fastest way due to high inflation caused by the depreciation of the Turkish Lira. In the past weeks, the rise in the exchange rates suppressed the export prices despite the increase in the prices in TL, but for a few...
The unfortunate events in the money market this week led to a crisis in Turkey. The sudden fluctuation in the exchange rates caused massive inflation and a complete uncertainty covered the hazelnut market. Last week, 13-15 mm hazelnut kernels, which had a seller of 53 TL in the domestic market, had a seller for 55...
As New Year’s Eve approaches, the hazelnut market has started to calm down a bit and TL prices are stabil. The depreciation of the Turkish lira is increasing. As we stated in our report last week, the effects of the FED’s announcement that it will gradually reduce its bond purchases are a factor in this....
There is a high demand for hazelnuts, but due to the instability of the Turkish Lira, the seller is not always easy to find in the domestic market. Many companies are aware that when TMO reaches a high stock amount (+100.000 MT), they will have to purchase raw materials from TMO at much higher prices...
The surprise decision of the Central Bank yesterday created a shock effect on the market. After the interest rate cut by the Central Bank, the Turkish Lira started to lose value again against the exchange rate and continues to lose value rapidly. After the Central Bank's decision yesterday, there was a decrease in sellers' willingness...
Hazelnut prices, which have been at low levels in the free market for a few weeks, started this week with a slight rise. With Ferrero's repurchase orders to its suppliers, free market prices rose in TL terms. However, this upward effect on TL basis has no significance due to the record increase in USD/TL value....