Ferrero delays hazelnut purchases from Turkey amid price surge from poor harvest and pest infestation
By
bookofjoe
Recycled flavour. You've tasted this bagel before.
Summary
Ferrero, the maker of Nutella, is holding off on hazelnut purchases from Turkish dealers due to a combination of factors including a poor harvest and infestation by brown marmorated stink bugs, which have driven up hazelnut prices significantly. The company is waiting for prices to stabilize before making purchases.
Key quotes
· 2 pulledFerrero holds off purchases after poor harvest and infestation of brown marmorated stink bug drove up prices
Nutella maker in hazelnut stand-off with Turkish dealers
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