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Hazelnuts March 22, 2018

Not a lot of activity is seen on the Turkish export market. Prices have remained stable in terms of the Turkish Lira, as the small relief on export prices is in line with the weakening exchange rate. We don’t see firm speculations on the new crop yet, as the industry still faces potential frost damage coming weeks. So far the conditions are in favour of the crop, pointing at a possible relief for the new crop.