Hazelnut and Walnut oil – Market news

09. March 2018

The current state of hazelnut oil

Turkey is the global leader in the production of hazelnuts with a harvest volume of approximately 450,000 mt. Italy comes in second. With more than 65% of global export volumes, Turkey sets the global market price for hazelnuts. The largest buyer of hazelnuts is the Ferrero Group. During the first two months of 2018, Turkey exported 24 mt more than it did in the same period of the previous year. These volumes are currently sold on the global market. Prices are somewhat unstable and have already risen slightly. Farmers are hoping for further increases. The weather in February was rather mild; forecast frosty conditions in March could push prices upwards. We will keep you updated. We have good availability and look forward to receiving your inquiries.

The current state of walnut oil

The USA – California, in particular – are among the leading walnut growers in the world. They produce approximately 220,000 mt per year. This year’s exporting volumes are around 5% lower than those of the last year. Prices are at a relatively stable level. Again, we have very good availability and look forward to serving you from our tank storage facilities in Niederkrüchten. If you need help in planning your requirements, do not hesitate to get in touch. We are here for you!

Quality assurance and control are important to us

We select our raw materials, production processes, service providers and transport routes on the basis of extremely strict standards and undergo regular audits. Have a look at our quality page.

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