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Turkish Hazelnut Market – End of August 2018

The Turkish hazelnut market represents the most volatile product out of the nut basket at the moment. Developments are still impacted by extreme currency fluctuations. After the peak of 7 TLR against the USD last week, the exchange rate stabilised this week around 6 TLR while Turkey is closed due to the EID Holidays. The start of the harvest of the new crop has been good with favourable weather conditions. Current weather conditions aren’t ideal, but not harmful to the crop either, i.e. lower temperatures without further rainfall. Keeping a close eye on the TLR exchange rate is advised, as this seems to be an important parameter for both buyers and sellers.

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