TMO bought around 40.000tons of in-shell hazelnuts at the end of September. It is expected that TMO will purchase 80.000 tons of hazelnuts by the end of October. If the TL/USD parity continues at these levels, it seems highly likely that prices will increase in both TL and USD terms in October.
Recep Tayyip Erdogan announced purchase prices of hazelnuts for the year 2021 as Levant quality TL 26,5/kg and Giresun quality TL 27/kg, based on 50 percent yield. The prices announced by TMO were realized in the same line with our market forecasts. For this reason, it seems that we will not make any increase or decrease in our daily prices for crop 2021, except for the USD/TL currency difference.
New crop 2021 expectation is around 800.000tons, according to cluster (çotanak) countings. This estimate was announced as 790.000tons at the INC Congress. It is anticipated that TMO will announce its price in the 3rd or 4th week of July as a minimum TL 25/kg and a maximum of TL 26/kg.
According to the new crop 2021 flower counting, the yield estimates are expected to be around 800,000 tons, and better yield counting estimates will emerge in the census to be made in mid-May.
As part of our Rainforest Alliance & Organic Agriculture Projects, we continue to present our producers with packages containing personal protective equipment and auxiliary materials.
We continue to train our farmers within the scope of our Rainforest Alliance & Organic Agriculture Projects. At the end of the training, packages containing personal protective equipment and auxiliary materials we prepared were presented to our farmers.
The 2021 crop pollination flower is largely complete. Companies and institutions that estimate the yield from flower count will carry out counting in the orchard from February 10 until the end of February. According to the flower count at the beginning of March, yield estimates will be determined.
Within the scope of our Rainforest Alliance & Organic Agriculture Projects, our farmers were trained on Pruning, Fertilization, Integrated Pest Management, Environment and Social.
Our expectation is that there will be 250.000 - 260.000 tons of export at the end of the season. Since TMO is open purchasing until the end of April, we estimate that the USD price level will be between 6.600/ ton and 6.900/ton at least until the end of April. Our expectation for TL/USD parity is in the range of 7,30 -7,80.