Hazelnuts, market report 10.02.2023
Mundus Agri. The current issue for the hazelnut market is low demand. Despite this, prices saw a sudden increase in Turkey in December 2022, as a result of limited supply of raw nuts and strong exports, with companies such as Mondelez and Ferrero purchasing more than anticipated.
Exports in December 2022 reached 41,751 metric tons (in-shell basis) worth GBP 244 million, with a slight decrease in both volume and value compared to the previous year. However, exports in January 2023 decreased significantly to 20,387 mt worth GBP 127 million, a drop of over 30% from the previous year. The high prices, made it challenging for suppliers to offer attractive prices.