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Turkish Hazelnut Prices Firm as TMO Support Underpins New-Crop Market

August 25, 2026: Turkish hazelnut kernel prices are showing a firm undertone as the 2026 harvest advances across the Black Sea region and the Turkish Grain Board (TMO) begins purchasing in key producing provinces. Roasted kernel grades have edged higher in euro terms on improving confectionery demand, while natural kernels remain broadly stable to slightly softer. The start of TMO intervention is providing a floor to in-shell prices and limiting downside pressure on kernel values. Harvest activity is now increasing in major producing areas including Ordu, Giresun and Trabzon, with official harvest and export windows open across the region. Current estimates indicate a sizeable 2026 crop broadly comparable with last season, suggesting that overall supply remains comfortable. However, the pace of farmer selling, early-season logistics and export demand will remain important factors for price direction. TMO has started 2026 crop purchases in Ordu, Giresun and Düzce at around TRY 255/kg for Giresun quality and TRY 250/kg for Levant quality, based on a 50% sound kernel yield. Free-market in-shell prices remain below these intervention levels, but the TMO purchasing programme is helping to establish a price floor and supporting processed kernel quotations. Export demand is expected to strengthen as European confectionery manufacturers begin securing supplies for the final quarter of 2026 and early 2027. Although Turkish kernel shipments were somewhat lower year on year during the previous marketing season, recent export activity has improved and buyers are gradually accepting new-crop price levels. Weather conditions across the main Black Sea growing belt remain broadly favourable, with mild temperatures and scattered showers and no major weather threat currently evident. With harvesting already underway, near-term market direction is expected to depend more on farmer selling, crop movement and export demand than on weather risk. Overall, Turkish hazelnut prices are expected to remain stable to moderately firm in the coming weeks. TMO support should limit significant downside, while stronger export demand and improved buying from European confectionery manufacturers could provide additional upside once the initial harvest pressure eases.