Turkish Hazelnuts

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hazelnuts

The situation in Turkey remains tight, driven by cautious middleman and factories whom keep their stocks off the market. Additionally there are concerns about the new crop as the mild weather conditions could potentially lead to an early bloom (and therefore higher damage/frost risk.

The market is not expected to show any sign of relief. Although all these factors would prevent the market from coming down, there are still some unknown factors who could interrupt this current market status.

The political position of Turkey for example, which could be affected by their current war policy, might impact the exchange rate and export prices accordingly.