Prices of Turkish hazelnuts came down significantly. The sufficient availability of old crop in combination with the poor demand and weak position of the Turkish Lira, are the main drivers for this price drop. Also reports indicating a decent pollination of the trees so far which should set a good 2017 crop are helping the prices to come down.
New crop report of the Turkish Exporters Union will be published within a couple days.
It might be an interesting moment to cover your positions until new crop at current levels and watch the new crop developments closely to make a call on new crop in the coming months.