2019 JULY INTERIM MARKET REPORT

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

President Recep Tayyip Erdogan announced crop 2019 purchase prices of the Turkish Grain Board (TMO).

TMO will start to buy new crop Giresun quality inshell hazelnut is TL 17/kg and the price of Levant quality hazelnut is TL 16,5/kg.

With this announcement, we see that our forecast is the same as with explanations. As we offered for the last 1 week according to this possibility, our prices will stay almost the same levels for the next days. Now, we will wait & see till new crop come into the market. Market & prices will be all clear about 10th of September.

We will keep you inform.