At present it is rewarded to follow the political happenings in Turkey, as the hazelnut market seems to follow the exchange rate of the TLR closely. After the elections of last weekend, the TLR gained strength for a short moment, to fall back to levels of TLR 5.6 at present. With demand and supply both limited, the market remains to be thin and driven by both unexpected as expected developments in the Turkish economy. In addition, the weather conditions are becoming of more importance as well coming weeks. So far weather conditions have been favourable for a healthy development of the coming crop, no signs of remarkable frost have been reported.
