Hazelnuts Market Update, 2022
International demand has been “stable” for a long time which indeed means “low stable”. There is around a 30-35% decrease in exportation volume compared to last year. Therefore, the main differentiator in the hazelnut industry has been Ferrero for many weeks since the beginning of the season, and they bought only from certain suppliers and for limited volumes. TMO has also been an alternative but not an attractive one for all parties. As a result of some restrictions, appointment issues, late payments, logistic barriers, quality issues, etc. Therefore, low demand kept raw material prices at a certain “low” level and prevented it from rising despite high inflation in Turkey (this is what happens when it's mainly an export product).