The Market Reports

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CRISIS ENVIRONMENT | Week 47
Market Reports
37 mins ago
0
22
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...
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STABILITY IS A GOOD THING | Week 45
Market Reports
42 mins ago
0
22
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....
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THE RIGHT TIME TO COVER 2022 NEEDS..? | Week 44
Market Reports
47 mins ago
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22
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...
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SHOCK EFFECT IN THE FREE MARKET | Week 42
Market Reports
1 month ago
0
21
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...
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USD/TL AT HISTORICAL PEAK | Week 41
Market Reports
2 months ago
0
18
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....
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PURCHASE OPPORTUNITY CONTUNIES | Week 38
Market Reports
2 months ago
0
17
Ferrero has stopped buying hazelnuts in shell and continues to buy only hazelnut kernels. A price of 49.5 TL has been announced for 11-13 mm hazelnuts. Since the purchases were made in combination, the price difference between the calibers was not disclosed. The price announced by Ferrero for hazelnuts indicates the ceiling price. The ceiling...
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TURKISH LIRA DEPRECIATES | Week 36
Market Reports
2 months ago
0
14
Hazelnut prices, which were at the lowest level in the previous weeks, increased a little this week. However, this rise was faced with the pressure of the Turkish Lira index, which started to lose value today. Ferrero and TMO continue to purchase hazelnuts rapidly without any problems. Buying hazelnuts quickly without any problems prevented the...
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HAZELNUTS ARE FAST ON THE FREE MARKET | Week 35
Market Reports
2 months ago
0
16
Ferrero announced the purchase price in the free market as 25 TL. After Ferrero's announcement, prices gained a downward movement. Main suppliers cannot easily sell hazelnuts to Ferrero, which has changed its purchasing policy and expanded its supply network. This causes the supply in the free market to increase rapidly and may increase the possibility...
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THE WEATHER CONDITIONS RETURN TO NORMAL | Week 34
Market Reports
2 months ago
0
13
Farmers had a hard time (drying the hazelnuts) due to the weather conditions, especially in the Ordu region. Hazelnuts, which started to be collected early in low altitude areas, were kept covered in the drying areas. This is a very risky situation for the quality of hazelnut. It can affect the percentage of rotten rates...
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AND HAZELNUTS ON THE FREE MARKET | Week 33
Market Reports
2 months ago
0
12
Hazelnuts collected in low-altitude areas gradually began to reach the free market. These days, when prices are starting to take shape, there are concerns about the quality of the product that will come to the market. The weather in Turkey has not been favorable for drying hazelnuts so far, which could influence quality. The poor...
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FINALLY, THE PRICES HAVE BEEN ANNOUNCED | Week 32
Market Reports
2 months ago
0
12
After a long wait, the prices were finally announced. For the 2021 hazelnut season, TMO's purchase prices have been determined as 27 TL for Giresun quality and 26.5 TL for levant quality. Despite the high price expectations for weeks, the announced price was in line with the expectations of exporters. An increase of 20 percent...
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THE LAST DAYS | Week 31
Market Reports
2 months ago
0
12
While the new season price is expected to be announced with the visit of President Erdogan these days, there are delays due to the extraordinary situations in the country. Hazelnut harvest will start on August 7th, but the purchase price of TMO is still uncertain. This uncertainty causes the debate on the recount result to...