The global hazelnut market continues to show a cautious outlook as supply chain challenges, weather developments, and fluctuating demand shape current market dynamics.
In this latest hazelnut market update, we analyze deliveries to Ferrero, crop expectations, export performance, and regional demand trends affecting the Turkish hazelnut industry and international trade.
Hazelnut Supply and Deliveries to Ferrero
Deliveries to Ferrero remain ongoing, maintaining movement within the hazelnut supply chain. However, suppliers are currently facing increasing difficulties in meeting strict quality and specification requirements.
These compliance challenges are creating operational pressure across processing and export stages, potentially influencing short-term hazelnut prices and contract performance.
Quality consistency remains a key factor for exporters and processors working with multinational buyers.
Weather Conditions and Impact on Hazelnut Crop Development
Over the weekend, snowfall was recorded in hazelnut-producing regions above 300 meters altitude.
This climatic development is considered positive for the hazelnut growth cycle, as winter chilling contributes to healthy flowering and bud development. Overall, weather conditions in the main producing areas remain favorable.
Market participants are currently awaiting the results of the upcoming flower counting process, which will provide essential data for the official hazelnut crop forecast and yield estimation for the new season.
Accurate crop estimation will play a decisive role in shaping forward contracts and export pricing strategies.
Market Demand: Weak Global Buying Activity
In general, global hazelnut demand remains subdued.
The approaching Ramadan Bayram is generating a moderate increase in domestic demand, particularly within the Turkish market. However, international buying activity continues to show limited momentum.
Higher Demand for Large Caliber Hazelnuts (13–15 mm)
There is a noticeable preference for large caliber hazelnuts (13–15 mm), which are currently experiencing relatively stronger demand compared to smaller sizes. Premium calibers continue to maintain better liquidity in the market.
Middle East Market Outlook
Due to recent geopolitical developments in the Middle East, market participants anticipate limited demand from the region in the coming weeks.
The Middle East traditionally represents an important export destination for Turkish hazelnuts. Any sustained slowdown could influence overall hazelnut export performance in the short to medium term.
February Hazelnut Export Figures and Weekly Performance
The attached table provides:
- Official February hazelnut export figures
- Export performance data from the previous week
- Comparative insights into shipment volumes
Export statistics remain a critical indicator for assessing real market demand and international buying trends.
Hazelnut Market Sentiment: Cautious but Stable
Overall, the hazelnut market sentiment remains cautious. Demand is low, and market participants are closely monitoring:
- Weather developments
- Crop estimation results
- Export performance
- Regional demand shifts
The coming weeks will be decisive in determining whether the market regains momentum or continues in a low-demand environment.