The market for Turkish hazelnuts is one of the few which didn’t turn quiet during the end of year. Both domestic consumption as exports were reported to be strong, resulting in roughly half of the crop being used now. Domestic pricing was driven up, supported by the ongoing fluctuations of the TLR exchange rate. The majority of the liquidity is quoted to be in hands of financially strong processors and middlemen, whom could potentially use this position to drive up pricing even further. It remains to be seen how the TLR exchange rate will develop itself during 2019. This, together with buying decisions of the largest user, are quoted to be the main factors whom will determine the export prices coming period. Since both factors are rather unpredictable, a close watch and healthy coverage can be advised.
