Hazelnut Prices Soar After April Frost Damages Turkish Harvest
15 Articles
15 Articles
A cold collapse in Turkey has destroyed large parts of the hazelnut harvest. The country is the largest producer of hazelnuts, so prices are rising significantly. Experts see climate change as the cause of extreme weather conditions.
Products containing hazelnuts may become significantly more expensive in the coming period. Wholesale prices for hazelnuts have risen sharply this harvest season due to frost damage in Turkey, the world's largest producer. According to the Amsterdam-based commodity platform Vesper, a ton of Turkish hazelnuts now costs approximately €9,400. That's over a third more than at the beginning of this year.
In Turkey, a cold break is damaging the shrubs. On the world market, hazelnut prices are rising steeply afterwards. This is noticeable for companies and consumers in Germany.
Hazelnuts belong in muesli, chocolate or nutella. 60 percent of the fruits grow in Turkey, where a cold break in April damages the shrubs. Companies like Rittersport speak of the next great burden. Are they switching to cheaper alternatives?
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