First olive oil, then cocoa and coffee. Now a fresh supply squeeze is set to hit another food pleasure — the hazelnuts that go into making the chocolaty Nutella spread.
The country is the main supplier for the company in Alba. The low spring temperatures have compromised the harvests and reduced the supply, with effects on wholesale prices
First, olive oil, then cocoa and coffee. Now, a new wave of supply is about to reach another culinary pleasure: hazelnuts, with which Nutella cream is made. Wholesale prices in Turkey, which accounts for about 65 percent of the world’s hazelnut production, have increased by about 30 percent since April, after the worst spring frost in the country in more than a decade. And it is expected that they will continue to rise, according to data from th…