After we spoke about no signs of interference of the Turkish TMO last report, this situation has completely changed this week. The Turkish TMO announced that they will bring product to the market again, at prices roughly 10% higher than we’ve seen on the day to day market in February. The European spot market reacted accordingly, with firming prices, especially on blanched kernels coming from the Giresun variety. It remains to be seen whether the Turkish market is able to follow at the levels of TMO, following the market closely is advised.
