Turkey’s hazelnut export revenues hit $1 billion

Turkey’s hazelnut export revenues hit $1 billion

Turkey’s hazelnut export revenues hit $1 billion

Turkey sold over 189,000 tons of hazelnuts abroad in the first seven months of the export season, the Black Sea Exporters Association said on April 4.

The hazelnut export volume between last September and this March fell 0.95 percent compared to the same period last year.

Turkey made a $1.09 billion revenue in hazelnut exports during the same period, down 10 percent.

EU countries remained the top export market for Turkish hazelnuts, buying over 76 percent, or around 144,000 tons, of Turkey’s total hazelnut exports over the seven months.

Turkey, the world’s largest hazelnut exporter, earned $1.78 billion with nearly 287,000 tons of hazelnut exports last season, from September 2017 to the end of August 2018.

Last month, Agriculture and Forestry Minister Bekir Pakdemirli announced that before the end of the first half of this year, Turkey will announce an umbrella brand for the marketing of premium Turkish products in the international arena.

He said the framework for the products to be sold under the new brand will be announced together with the brand name.

“It may include Turkish lokum [Turkish delight], olive oil, figs, and hazelnuts,” he added.

“We plan to display high-quality indigenous Turkish products abroad, generate demand for them, and sell them at a better price,” the minister said.