POOR weather has devesated hazelnut crops in Turkey resulting in massive price increases for the main ingredient in popular chocolate spread Nutella.
Turkey grows over 70% of the world’s hazelnut crop, so after an unexpected frost in March destroyed the young hazelnut flowers during a critical time in their development, the country was forced to up prices on their top export.
The price of the nut has already skyrocketed nearly 60%, meaning chocolatiers will have to pay €7835 per tonne instead of the usual €4850.
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