Good afternoon,
We are pleased to share the latest insights on the hazelnut market.
The Ministry of Agriculture and the Exporter Association recently released their 2024 crop estimate, projecting a total of 738,932 metric tons (M/Tons) of in-shell hazelnuts. This estimate compares with the Black Sea Exporter Union’s earlier forecast of 811,950 tons and the International Nut and Dried Fruit Council (INC) estimate of 785,000 M/Tons from May.
Crop Estimates
- Ministry of Agriculture and Exporter Association: 738,932 M/Tons
- Black Sea Exporter Union: 811,950 M/Tons
- International Nut and Dried Fruit Council (INC): 785,000 M/Tons
Purchase Prices Announced
The Turkish Grain Board (TMO) has declared the purchase prices for the upcoming season, aligning closely with market expectations. The purchase prices for in-shell hazelnuts, based on 50% intact hazelnuts, are set as follows:
- Levant quality: 130 TL/Kg
- Giresun quality: 132 TL/Kg
Additionally, with the area-based support provided by the Ministry, including fuel and fertilizer support, the average price for Levant quality will be 133 TL/Kg, and for Giresun quality, it will be 135 TL/Kg. An extra 1.30 TL/Kg will be awarded for high-yield hazelnuts (for every +1 yield over 50 yield).
The TMO has made all necessary preparations for hazelnut purchases, including technical infrastructure, storage, personnel, and financing. For the full announcement, you can visit the TMO website.
We look forward to your inquiries and are here to provide any further information you may need.