Hazelnut Market Outlook: TMO and Ferrero Collaboration Marks New Impulse - In the aftermath of Sunday's nationwide local elections in Turkey, President Recep Tayyip Erdoğan and his ruling AK Party face significant challenges. Amidst this political shift, the Turkish Grain Board (TMO) and Ferrero emerge as key players in the

Hazelnut Market Outlook: TMO and Ferrero Collaboration Marks New Impulse

1 year, 2 months ago.

Hazelnut Market Outlook: TMO and Ferrero Collaboration Marks New Impulse

In the aftermath of Sunday's nationwide local elections in Turkey, President Recep Tayyip Erdoğan and his ruling AK Party face significant challenges. Amidst this political shift, the Turkish Grain Board (TMO) and Ferrero emerge as key players in the hazelnut market, poised to make decisive moves.

TMO's Strategic Role:

The recent electoral defeat suffered by Erdoğan and the AKP signals a pivotal moment in Turkish politics, with economic concerns at the forefront. As inflation rates soar and financial support for exporters dwindles, the TMO's substantial hazelnut reserves—reportedly exceeding 100,000 metric tons—come into focus. Analysts anticipate that the TMO's potential entry into the market could significantly impact hazelnut prices. The response from Ferrero, a major player in the hazelnut industry, will also shape market dynamics.

Stability Amidst Change:


Despite political uncertainties, the hazelnut market demonstrates resilience. While prices experienced a notable surge in March, the market has since stabilized. Although quotations remain elevated compared to previous years, the overall market stability provides a promising outlook for stakeholders.

Export Performance:

Despite market fluctuations, hazelnut exports remain robust. Average export prices have seen a substantial increase of 24% compared to the previous year, reaching USD 7.32 per kilogram. Total exports for the season amount to 185,563 metric tons, representing a marginal 6% decrease from the previous year. However, in terms of value, exports have surged by 17% to USD 1.3 billion, underscoring the market's
resilience amidst challenging circumstances.

 

How Momex Supports Hazelnut Traders:

Amidst market volatility, Momex offers a reliable platform for hazelnut traders to navigate uncertainties and capitalize on opportunities. With real-time market insights and seamless transactional support, Momex empowers traders to make informed decisions and optimize their hazelnut trading activities. Join Momex today to access a secure and efficient trading environment tailored to your needs.

Keywords:
#HazelnutMarket #TMO #Ferrero #ExportPerformance #MomexSupport #JebelAli #port #import #export #tax #uae #investment #CargoTrading #MomexAE #DubaiEvents #Cargo #dubai #shipment #shipping #business #goods #smart #SmartSolutions #momex #trade #merchant #fair #Iran #africa #GCC #Turkey #Russia

Resources:
https://www.mundus-agri.eu/news/hazelnuts-tmo-provide-impulse.n32645.html
 

April 3, 2024, 9:43 a.m..



Related News


EU Slaps 25 % Duty on U.S. Almonds—Spanish Growers Cheer, Australia Warns Crop Could Plunge 20 %, California Rushes to Ship Before December! - Discover how hail in Spain, tariff battles in Brussels, a 2.8-billion-pound U.S. crop, and Australia’s heat-cut harvest are reshaping the global almond market in May 2025. Get the latest dollar prices, export surges to India, looming 25 % EU duties o
EU Slaps 25 % Duty on U.S. Almonds—Spanish Growers Cheer, Australia W…

Discover how hail in Spain, tariff battles in Brussels, a 2.8-billion-pound U.S. crop, and Australia’s heat-cut harvest are reshaping the global almond market in May 2025. Get the latest dollar prices, export surges to India, looming 25 % EU duties o

Nuts & Seeds, Confectionery, Oils & Fats, Snacks, Health Foods
3 weeks, 5 days ago
WhatsApp

Explore the Marketplace

From a variety of cargo listings to finding specific goods, your journey to trading opportunities starts here.
Search Cargos
momex

We Support

Our Services

Take advantages of our services here at Momex...
Location
quick access links

We Are Momex

Rooted in tradition, reimagined for the digital era, Momex stands as a beacon of innovation in the trade industry. We bridge the gap between time-honored trade practices and modern efficiency, offering a digital marketplace designed for discovery and opportunity. Whether you're a seasoned trader or expanding your horizons, Momex is your trusted partner in the evolving landscape of global commerce.
contact

Contact Us

We value your inquires and feedback if you have any questions. need assistance or would like to explore how momex can empower your trade journey please dont hesitate to get in touch with us.
Instagram
linkedin
+971585250167
[email protected]