Turkish hazelnut export sales hit record high in 2014

Turkey, world's biggest hazelnut producer, sees hazelnut export revenue jump 31 percent in 2014 from previous year.

Turkish hazelnut export sales hit record high in 2014

World Bulletin/News Desk

Turkey, the world's largest hazelnut producer, earned $2.3 billion from hazelnut exports in 2014, the Hazelnut Promotion Group announced on Sunday.

Turkey shipped more than 252,500 tons of hazelnuts to almost 110 countries in 2014, the head of the Hazelnut Promotion Group Edip Sevinc said on Sunday.

Hazelnut prices have risen more than 80 percent from last year, from 6 Turkish liras ($2.5) to 10.5 Turkish liras ($4.5) per kilo. 

Despite losing a third of their hazelnut harvest due to storms and unusual freezing weather, which destroyed part of the harvest in late March, and drove up prices, Turkey's hazelnut producers would still meet more than 70 percent of the world's hazelnut demand, the Black Sea Exporters Union, Turkey's main hazelnut production group, said on Aug. 20, 

Exporters from Turkey denied statements that have appeared in foreign media that chocolate companies have been looking for alternative suppliers of hazelnuts. 

 “Foreign currency inflow from exporting hazelnuts is a record in the history of the modern republic,” Sevinc said. The country is the largest producer of hazelnuts in the world and its production accounts for approximately 75 percent of worldwide production. Production of hazelnuts in Turkey usually reaches nearly 600,000 tons a year.

According to Sevinc, there are enough hazelnuts to satisfy export demand this year.

A quarter of Turkey's total production is handled by European chocolate giant Ferrero, famous for the Nutella brand. The EU takes biggest share of Turkey's hazelnut exports.

 Italy's Ferrero said on July 20 that it had bought the Turkish company Oltan, one of the world leaders in the hazelnut production, and which has annual revenue of more than $500 million and five production plants. Oltan exports to the EU and to 80 countries around the world.

 Turkey had exported 276,000 tons of hazelnuts at a value of $1.76 billion in 2013, and 265,000 tons of hazelnuts at a value of $1.8 billion in 2012.

 

Last Mod: 05 Ocak 2015, 11:37
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