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Hazelnuts November 1, 2019

A disbalance between supply and demand can be found on the Turkish hazelnut market. The amount of enquiries seems to surpass the availability of offers, pulling more exporters away from the market and increasing the impact of this momentum even further. Suppliers from alternative origins are trying to bridge the current gap, being proactive with sending out new offers. Despite these offers and the potential new supply from Italy, one can expect prices to continue a firm route. The rough calculation of crop size, minus Ferrero needs, minus TMO purchases are not leaving a lot of space to speculate on open positions.