A challenging hazelnut season

This hazelnut season is shaping up to be a tough one. Back in April, an early frost hit the orchards, and summer brought heat waves that stressed the crops even further. Farmers, hoping for better prices, are holding back their harvest, which has delayed the start of the season compared to usual. Luckily, the stink bug arrived too late to cause any major damage, as most of the crop had already been safely harvested.

Being on the ground in Turkey gives us a unique perspective. Our trader has visited the orchards and markets firsthand, allowing us to see the situation up close and benefit from insights that simply aren’t available from afar. This direct presence helps us react quickly to market changes and understand the realities that drive local pricing.

Prices are climbing fast, and no one is willing to predict just how high they might go. At these levels, buying spot seems to be the safest strategy, since long-term commitments are risky for most suppliers.

Whole kernels are expected to be the biggest challenge, particularly in sizes 11-13mm and 13-15mm, which are likely to be in short supply. Many buyers are waiting on more clarity before securing their needs, while major players like Ferrero have yet to enter the market—it’s only a matter of time.

With the market changing day by day, keeping a close eye on developments is crucial. Some suppliers even suggest prices could continue to rise until December, but everything remains speculative. In such a volatile season, staying informed and ready to act is key.