Nut Talk

Hazelnut Prices Announced Published: 9/11/2006

- "THE PURCHASE PRICE OF 50 YIELD HAZELNUT IS 4 YTL "
ANKARA - Agriculture & Rural Affairs Minister Mehdi Eker announced on Wednesday that, the purchase price of 50 yield hazelnut is 4 YTL.(One dollar equals 1.46 YTL.)
Speaking at a press conference, Eker said, "the purchases will be made by the Turkish Grain Board (TMO) and will start as of 11 September, Monday''. He indicated that, 50 p.c. of the payments will be made at the moment of the purchase and the rest will be paid in 15 days.
Meanwhile, the president of the Union of Turkish Chambers of Agriculture (TZOB) Semsi Bayraktar criticized the posted price and said, " the posted price is far from to satisfy the producers. This price is good only for European hazelnut buyers."
Turkey dominates the world hazelnut trade, with more than 70 percent of the total world supply. More than two million people in the Black Sea region make their living from hazelnuts.