2019 AUGUST INTERIM MARKET REPORT

Organic - UTZ - Conventional Turkish Hazelnut / ARSLANTURK S.A.

Ferrero has declared inshell hazelnut purchasing price. Levant Quality inshell 50% yield TL 15,75/kg Giresun quality inshell 50% yield TL 16,75/kg Premium TL 0,25/kg for A-B extra quality (rotten percentage less than 1%).

As far as you can see Ferrero and TMO purchasing price very close. TMO has declared Levant Quality inshell 50% yield TL 16,5/kg, Giresun quality inshell 50% yield TL 17,0/kg. As we were expecting this price level before we did not increase or decreased daily price list except TL/USD currency differences.

New crop quality so far so good and it is harvesting and some of the farmers have started drying period now but it is still early to talk about the exact quality standard. It is better to talk about quality one week later because of drying period very important. We need more sunny days. If everything goes well we will receive very good and quality crop this year

We will keep you informed.