Hazelnut Market Report – August 2018
An important driver for the Turkish hazelnut market remains to be the USD / TLR rate, which was affected by political tension between Turkey and the US during last week. Processors from Georgia try to keep up closely with these trends, keeping their offers below the alternatives from Turkey. The Georgian crop looks promising in terms of quality so far, further strengthening the position of this origin. No firm updates were received with the eye on interference from the TMO. In fact, rumours of non-interference during the start of the season are spreading through the market.