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Hazelnuts November 13, 2020

The liquidity in the Turkish hazelnut market remains low, with only small sales activities on the surface. The depreciation of the Turkish Lira has been helping to bring export pricing down during the last couple of months, but the course of TLR seems to have reached it’s bottom, at least for now. The Turkish Lira started to gain strength after the announcement of a new governor of the central bank last Monday. It remains to be seen if this trend will push through as time passes, all we can conclude right now is that export pricing has moved up in line with the strengthened Turkish Lira