Story perspectives

Ferrero's Hazelnut Purchases Slashed Amid Price Surge

11/7/2025

34 2

Summary

Story summary

Ferrero Group, Italian food company behind Nutella, faces a Turkish Competition Authority mandate to buy 30,000 tonnes of hazelnuts, and Ferrero has not commented.
The mandate lowers the usual 45,000-tonne purchase due to production issues.
Ferrero plans to halt purchases as prices rise due to shortages and adverse weather.
Prices have surged to over 20 euros per kilogram this year.
Türkiye exported over 280,000 tonnes of hazelnuts in 2023, worth $1.86 billion.

1 of 1

Story summary

Ferrero Group, Italian food company behind Nutella, faces a Turkish Competition Authority mandate to buy 30,000 tonnes of hazelnuts, and Ferrero has not commented.
The mandate lowers the usual 45,000-tonne purchase due to production issues.
Ferrero plans to halt purchases as prices rise due to shortages and adverse weather.
Prices have surged to over 20 euros per kilogram this year.
Türkiye exported over 280,000 tonnes of hazelnuts in 2023, worth $1.86 billion.