Hazelnuts Price Trend June 2026: Turkey and India Compared

Turkey's hazelnuts are priced at USD 3,672.00/MT FOB as of June 2026. India's landed rate comes in at USD 3,739.34/MT CIF. Not a massive difference on the surface. But anyone buying hazelnuts at scale knows a USD 67.34 gap per ton adds up fast once you're talking real volume.

Turkey grows most of the world's hazelnuts. Everyone in the trade knows that. So when Turkish pricing moves, it drags the global market with it, whether buyers in India, Europe, or anywhere else like it or not. This isn't a niche commodity story either. Hazelnuts feed into chocolate, spreads, bakery goods, snack manufacturing. A price shift here shows up on grocery shelves eventually.

Current Hazelnuts Prices: Turkey vs India

Turkey's number is FOB. That means the buyer picks up freight and insurance from the port onward. India's figure is CIF, so those costs are already folded in.

Quick breakdown of what's baked into that spread:

• Freight from Turkish ports to Indian destinations
• Insurance coverage on the shipment
• Currency conversion swings between lira and rupee movements against the dollar
• Seasonal supply pressure heading into the northern hemisphere harvest cycle

Comparing FOB to CIF isn't really an apples to apples exercise. Some of that USD 67.34 gap is just the cost structure doing what it does. Still, it gives buyers a working reference point.

What's Pushing Hazelnut Prices Right Now

Hazelnut pricing tends to move around a handful of pressure points.

Harvest timing and yield. Turkey's Black Sea region produces the bulk of global supply, and yield varies year to year depending on weather during the spring flowering period. A rough season tightens supply fast.

Global demand from confectionery. Chocolate and spread manufacturers buy hazelnuts in bulk contracts, often months ahead. Demand from this sector alone can shift prices well before any harvest news breaks.

Freight and shipping. Bunker fuel costs, container availability, port delays. All of it lands somewhere in the FOB to CIF gap, and none of it is fully predictable.

Does currency matter here too? Definitely. Hazelnuts trade in dollars globally, so when the rupee weakens against the dollar, Indian buyers feel it immediately, even if the underlying dollar price hasn't shifted an inch.

A Quick Q&A on What Buyers Are Asking

Is Turkey still the main source for hazelnuts?
Yes. Turkey dominates global hazelnut production, and most import pricing globally traces back to Turkish FOB rates in one way or another.

Why is India's rate higher than Turkey's?
Because India's figure already includes freight and insurance. Turkey's FOB number doesn't. Once you add those costs on top of the FOB price, you land somewhere close to what CIF buyers are actually paying.

Should buyers expect prices to keep rising?
Hard to say with certainty. Depends heavily on this year's Turkish harvest and how confectionery demand holds up through the back half of 2026.

What This Means for Buyers and Investors

Buyers locking in supply contracts right now should treat June 2026 pricing as a snapshot, not a guarantee. Hazelnut prices can shift within weeks depending on harvest updates coming out of Turkey.

Procurement teams sourcing directly from Turkey benefit from the lower FOB base, assuming they can manage freight and insurance logistics themselves. Smaller buyers without that infrastructure often end up paying closer to India's CIF equivalent anyway, once all the extra costs get added on.

Investors watching agricultural commodities should keep an eye on Turkish weather reports through the coming months. Yield disruptions there ripple through pricing everywhere else almost immediately.

Looking Ahead

Where does this go from here? Nobody's got a crystal ball on agricultural commodities, and hazelnuts are no exception.

What's reasonably clear: the Turkey to India price gap will likely stay in a similar range unless something disrupts either the harvest or shipping costs significantly. Confectionery demand tends to stay steady regardless of price, which limits how much downward pressure builds even in a good harvest year.

Buyers negotiating contracts this quarter should pull fresh pricing before signing anything. June figures won't hold forever.

Conclusion

The hazelnuts price trend for June 2026 puts Turkey at USD 3,672.00/MT FOB and India at USD 3,739.34/MT CIF. That gap comes down to freight, insurance, and the cost structure baked into each incoterm. For anyone buying, selling, or investing around this crop, tracking these numbers closely through the rest of 2026 just makes sense given how fast agricultural pricing can move.

FAQ Section

What is the current hazelnuts price trend for Turkey and India?
Turkey's hazelnuts sit at USD 3,672.00/MT FOB as of June 2026, while India's landed rate is USD 3,739.34/MT CIF. The gap reflects freight and insurance costs added on top of the Turkish base price, not a fundamental difference in product quality.

Why does India pay more for hazelnuts than the FOB rate from Turkey?
India's CIF price already includes shipping and insurance, costs that Turkey's FOB figure leaves out. Once those get added, the two numbers land close together. It's mostly a cost structure difference, not a demand or quality gap between markets.

What factors drive hazelnut price changes the most?
Turkish harvest yield matters most, since Turkey supplies the majority of global hazelnuts. Confectionery demand, freight rates, and currency movements against the dollar also play a role. A weak Turkish harvest tends to move prices faster than almost anything else.

How often do hazelnut prices change through the year?
Prices shift most around harvest season, typically late summer into autumn, when yield estimates firm up. Outside that window, movement tends to be slower, tied more to shipping costs and confectionery buying cycles than sudden supply shocks.

What's the outlook for hazelnut prices later in 2026?
The Turkey to India spread will likely hold steady barring a harvest disruption or major freight cost spike. Confectionery demand stays fairly consistent year round, which keeps a floor under prices even when supply conditions improve.