The Turkish TMO has put another 20.000 MT on sale through their tender system last week, which should be or close to be the last portion of their stocks. The buying interest for this product was (again) very strong, resulting in a total amount of bids representing roughly four times the actual value of the goods in the current market. It is expected that the TMO will equally divide the total volume between the buyers whom showed interest via their tender system. In the meantime the firm route of the market remains unchanged, fueled by the news of both this tender, as well as the poor expectations of the new crop. One might say it’s too early to say something firm about the expected crop size.The rumors are making their impact which keep the prices on the high side. Based on the knowledge of today, a relief is unlikely to be seen on the short term, neither on the long term if the crop expectations push through. On the other hand one should not forget that quite a lot of nuts are under pressure, resulting in the replacement of ‘costly’ hazelnuts..
