After monitoring the market for some time, finally the TMO has announced that it will sell 2008 crop inshell hazelnuts commencing from the 1st of April, 2010.

TMO's Announcement

As known, at 2006, 2007 and 2008 Turkish Grain Board (TMO) purchased 694 thousand metric tones of hazelnut in the scope of hazelnut intervention purchasing mission. In 2009, within the context of hazelnut strategy that is announced by Economic Coordination Committee, hazelnut intervention purchasing mission of TMO was terminated.

According to that decision, TMO did not purchase hazelnut as of July 2009, and ceased hazelnut sales at August 2009 with the beginning of new harvesting period aiming market demands to be met by the producers' hazelnuts and the prices to be formed in free market with demand and supply balance.

Some announcements have been made several times that “previous years' crops which are kept at TMO stocks will be used in hazelnut oil production, hazelnuts will not be sold to the market until January 2010 and after that date, completion of producers crop supply to the market will be waited” and TMO took action according to these statements.

Our Organization has followed developments closely from harvest until now and prevented the producers to be affected in a bad way by not opening its stocks for sales while producers' hazelnut supply to the market continues and by some declarations, thus made the prices to be formed in supply and demand balance at a moderate level.

TMO has put the producers' crops to use at moderate prices and met traders', manufacturers' and exporters' raw material needs at moderate prices as well. TMO has endeavored hazelnut market to work properly.

As a result of multiple evaluations, contraction of the market and lack of hazelnut supply to meet the demand have been observed, thus some of our stocks are put to sale to meet the sector needs and to prevent hazelnut export be affected badly.

Accordingly, some of 2008 crop hazelnuts in our stocks are opened for sales as of 01.04.2010 against paying cash in terms of free sales and contract based. Our sales prices are determined gradually for 50 % sound shelled hazelnut. 

Prices are given below:

Inshell Hazelnuts, TL/KG (VAT is not included)

Since 2006 and 2007 crops in our stocks will be used for hazelnut oil production, putting these stocks to sale is out of question.