Trabzon Commodity Exchange (TBB) Assembly President Eyyüp Ergan said that hazelnut market is not badly affected by the pandemic process.
Ergan stated that all time records in hazelnut exports have been broken.
Indicating that the useful add-ons such as the consumption of agricultural products of the pandemic process, Erkan said, “Hazelnut has not been affected from the pandemic. I don’t think it will have any impact on next year either. There was an increase in the consumption of hazelnuts, tea and especially dairy products. Managing the pandemic process, whether psychological or service, did not have any serious consequences in our country. Agricultural products were not affected negatively. We observed that hazelnut consumption decreased because the cake sector did not serve during the pandemic process.”
Erkan added, “Despite this, we managed to break the historical record in hazelnuts. This record developed based on exports and consumption. Over 300 thousand tons of exports were realized. In total, exports exceeded 2 billion dollars. Although it is 2 months more to end the season, this is a pleasing development.”
Emphasizing that TMO (Turkish Grain Board) will make a statement about hazelnut prices in July, Ergan concluded, “Hazelnut price determines itself. We do not expect a yield like last season. There is an expectation that the yield will be low this season. Prices had seen 24 liras in the market. Now it fell to 19 liras. We don’t expect it to drop below 3 dollars this season. TMO had previously announced that it would be a buyer. TMO will make a statement as a buyer in mid-July. Prices will be determined before the producer goes down to the garden.”