Hazelnuts and Flame Raisins Update 08/02/16

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Adam talks about the latest in hazelnuts and flame raisins :-

There are similarities with both the Turkish hazel market and the Chilean raisins. Farmers kept supply of hazels low due to keep pricing up for the first 5 months of the crop, but now find themselves still sitting on over 50% of the crop. Pricing will be weak unless we see any adverse weather. Good time to cover.

Flames are difficult at the moment. The northern crop is down and farmers are expecting more pesos for their fruit. Demand in Europe remains weak so pricing for the 2016 crop remains uncertain