The Turkish hazelnut market remained stable during the last two weeks.
There was, and still is, a lot of 2015 crop offered in the domestic market. The price gap between ‘old’ 2015 crop material and the current crop (2016) product seems to widen step by step.
This trend is likely to continue as several reports are writing about a good 2017 crop development and interest will concentrate on current crop and new crop (to avoid risk of quality issues on 2015 crop product).
The 2017 crop is a little late (about 3 weeks). The positive point on this is that the frost damage becomes limited. Turkish stockholders, both farmers and middleman, are expected to return to market based on the fact that the main excuse to stay of the market (frost damage) is disappearing.
Our recommendation is to follow the market closely and only consider nearby positions.