May 2018 Hazelnuts Market Update
The Turkish hazelnut market isn’t very active, due to a combination of low availability and slow demand. Prices are becoming slightly firmer, as both farmers as traders keep their fingers crossed for a positive interference of the Turkish Government.
With the coming elections in sight, some ‘promises’ towards the hazelnut industry might come around. The expectations for the new crop are not pointing towards a relief either, as rough crop indications are adjusted downwards after the cool weather in April.
As the Turkish hazelnut market has proven itself to be unpredictable in many occasions, could coverage be seen as a decent decision at the current levels.