JOURNAL ARTICLE

Nutella Fans Brace to Pay More as Frost Hits Turkish Hazelnut Harvest.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Sykes, Patrick; Bilgic, Taylan 3 of 3

Abstract

The article discusses the impending supply squeeze of hazelnuts, primarily due to a significant frost in Turkey, which produces about 65% of the world's hazelnuts. Wholesale prices have surged by approximately 30% since April, and while alternative sources exist in Italy, the US, and Chile, they cannot fully compensate for Turkey's output. This situation poses challenges for Ferrero SpA, the largest buyer of Turkish hazelnuts, which uses them in products like Nutella. Additionally, the frost's impact on hazelnut production could have political ramifications for Turkish President Recep Tayyip Erdogan, as many families rely on this crop for their livelihoods. The article also highlights the broader vulnerability of global food supplies to climate change, affecting various commodities. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/07, pN.PAG
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2025
  • Accession Number:186413004
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