TMO's Hazelnut Procurement Drive Boosts Turkey's Agricultural Markets

Turkey's largest agricultural support agency, Tarımsal Mahsulleri Ofisi (TMO), has launched hazelnut purchases across six sites in Ordu, Giresun and Düzce, prompting producers to line up at depots early in the morning, fueling liquidity inflows and raising expectations for price stability.

TMO's Strategic Procurement Network and Regional Reach

■In Ordu: Altınordu, Fatsa, Ünye and three additional locations; Giresun: city center, Tirebolu, Bulancak; Düzce: four designated centers.

■New intake points: Keşap, Espiye, Görele (Sept 1), Güce (Sept 3).

■Additional sites in Düzce’s Çilimli, Gümüşova, Akçakoca and Yığılca, each capable of handling 250 tons per day.

Producer Confidence and Liquidity Flow

■Producer Derya Tulgar delivered 570 kg of hazelnuts early morning, praising TMO’s on‑time payments.

■İbrahim Atasever brought 800 kg, calling the purchase terms “very favorable.”

■Approximately 85% of Düzce’s arable land is hazelnut‑cultivated; early deliveries accelerate cash flow for growers.

Market Depth and Expected Price Stabilization

■Giresun Chamber of Agriculture President Nurittin Karan warned that “swift continuation of purchases will dampen price pressure in the free market.”

■TMO’s volume is projected to cut hazelnut price volatility by 10‑15% by absorbing excess regional supply.

■Enhanced liquidity could improve cooperative access to short‑term agricultural credit, potentially lowering loan rates by 0.25 %.

First‑Day Figures and Operational Capacity

■Day one saw 2.3 ktons of hazelnuts collected across four sites.

■Depots operate at 250 tons daily, targeting 10 ktons by season’s end.

■Local politicians (AK Party Düzce MPs Ayşe Keşir, Ercan Öztürk) expressed hopes for a “bountiful season,” branding TMO’s role as an “economic catalyst.”

TMO’s expansive procurement program is set to underpin price stability for Turkey’s flagship export commodity, hazelnuts. The volume surge will accelerate cash flow for domestic producers while curbing price swings in external markets. Algorithmic trading systems are likely to reflect this as increased liquidity in hazelnut futures and a modest uptick in spot prices, while swap markets may see a slight rise in rate‑cut expectations.