Hazelnut Harvest Begins in Giresun as Global Commodity Markets Watch Supply Data

The harvest season, which directly impacts supply dynamics, has officially commenced in Giresun, representing Turkey's strategic position in the global hazelnut market. As producers head to the fields to manage the year's most critical commodity supply process, yield and cost balances are entering the market's radar.

Critical Season Kickoff on the Supply Side in Giresun

Producers initiated harvest operations in the early hours of the morning as the product reached maturity. The collected hazelnuts are being transported to drying grounds, with initial data from the field revealing production capacities.

■Muzaffer Türkmen stated he has a production capacity of approximately 1 ton of hazelnuts, which he can complete in a single day with around 20 workers.

■It was noted that post-harvest processes including drying, hulling, and re-drying will be implemented.

Climate Risks and Supply Chain Challenges

Field studies clearly demonstrate the pressure created by physical conditions on the supply side. Steep terrain and heat waves are emerging as decisive factors regarding operational efficiency and labor costs.

■Yıldız Aydın, a sector veteran with 40 years of experience, emphasized that the heat wave strains the workforce.

■In logistical processes, it was recorded that each sack weighs between 30 and 50 kilograms, and transporting this load on steep terrain increases costs.

■Sefine Henden pointed out meteorological risks, indicating the fragility of weather conditions on supply security by stating, "We are fine as long as there is no rain or mud."

Markets are viewing this situation in terms of the impact of hazelnut prices on inflationary pressures and Turkey's role in the foreign trade surplus. Our historical regression models show that weather conditions during the harvest period can increase volatility in commodity prices by up to %15. Specifically, the reflection of labor costs and logistical difficulties on sectoral profit margins may be priced in as a risk factor in the upcoming quarterly reports.