Turkish hazelnut prices fall 15% as bumper 2026 harvest looms
The price of shelled Turkish hazelnuts delivered to Europe fell 15% between May and July and is down 52% from its September 2025 peak, according to myfruit.it. The decline reflects expectations of an abundant 2026 crop of about 810,000 tonnes and weak demand, with exports down 38% year on year.
Turkish hazelnut quotations have extended a downward trend that has run for much of the past year. The price of shelled 11/13 hazelnuts delivered to Europe fell 15% between May and July, returning to the levels seen at the start of April 2025, according to the trade publication myfruit.it. Measured from the September 2025 peak, prices have now lost 52%. Because Turkey is by far the world's largest hazelnut supplier, the move sets the tone for confectionery manufacturers and processors that depend on Turkish material.
Bumper 2026 harvest weighs on the market
The main driver behind the slide is the prospect of an abundant Turkish 2026 crop in a context of relatively weak demand, according to analysis from Areté cited by myfruit.it. Inc Nutfruit forecasts a Turkish harvest of roughly 810,000 tonnes for the 2026/27 campaign, up 56% from the 2025/26 campaign, which is estimated at 518,000 tonnes. Such a volume would be the highest since the 2022/23 campaign and the third-largest crop on record. A harvest of that size would rebuild inventories drawn down after weaker preceding seasons and add further pressure on quotations.
Demand stays weak
On the consumption side, activity has slowed. Domestic Turkish demand is held back by high prices, while exports have been subdued, penalised by more diversified foreign buying. Purchasers appear to have spread their sourcing across a wider range of origins rather than committing to Turkish material at elevated levels, reinforcing the downward pressure on the market.
Exports at multi-year lows
Data from the Black Sea exporters' association underline the softness. From the start of the campaign in September 2025 through June 2026, exported volumes fell 38% year on year, the lowest level in more than fifteen campaigns. The combination of a prospective record crop and shrinking shipments points to ample availability heading into the 2026/27 season, leaving little immediate support for a price recovery.
