Hazelnut Prices Rise on Quality Concerns

The hazelnut market in Turkey has seen a noticeable price increase recently, driven by issues with the quality of the current supply. Key suppliers, particularly those working with major buyers like Ferrero, have raised rates significantly. Since the start of 2025, price growth has been higher than expected, reflecting the market’s sensitivity to supply challenges.

Sellers Hold Back Stock

Sellers are being cautious as major buyers delay their purchases. Many are holding onto their stock, expecting prices to climb even further. Over the past two weeks, prices have consistently increased, making sellers hesitant to commit to sales at current levels. In the Black Sea region, the price for in-shell hazelnuts has reached 140,00 TL, highlighting the strong upward trend in the market.

Stable Economy Helps the Market

Turkey’s economy has remained stable, providing some support for the hazelnut market. The Turkish lira has held steady, aided by a 47.5% policy interest rate. This stability has helped ease some of the uncertainty in the market, even as participants keep an eye on potential changes in economic policy.

Challenges and Opportunity Analysis

The hazelnut market is facing several factors that are influencing prices:

• Quality Issues: Lower-quality hazelnuts this season are driving prices higher.
• Seller Strategies: Many sellers are waiting to capitalize on further price increases.
• Global Demand: Buyers like Ferrero face challenges in securing high-quality hazelnuts without pushing prices up even more.
• Economic Conditions: While Turkey’s stable economy helps reduce volatility, market participants need to stay alert to potential shifts.

Hazelnut Market Adapts to Changing Conditions

Hazelnut prices in the coming months will depend on the quality of the next harvest and how demand from global buyers develops. Sellers are carefully watching the situation, especially with potential changes in Turkey’s economic policies. With many still holding back inventory, the market is expected to remain dynamic as conditions evolve.





Click here to reach our trading platfrom CMBroker