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INFO Hard times for Nutella.. The price of hazelnuts jumped 60% in 2014 which could have an impact on the famous spread, but also many other products of the company Ferrero, a major consumer of these nuts. At issue: a capricious weather in Turkey, the main producer of hazelnuts, as spotted The Express
In the Anatolian peninsula, where 70% of the crop. World production, slender March followed by a freeze destroyed some flowers of hazel. Result: production could increase from 800,000 to only 540,000 tonnes. The price of hazelnuts has jumped to 10,500 dollars (7,900 euros) per tonne, against 6,500 dollars (4,880 euros) in February, according to British newspaper The Guardian .
Cocoa and palm oil closely monitored. In addition to the soaring price of hazelnuts, giant candy is facing a significant increase in the price of cocoa, which also consists Nutella, Kinder Bueno and other sweets. The price of palm oil, currently at its lowest, could also jump after bad weather in Indonesia, relayed South West .
For the moment, neither Ferrero nor the other giant Cadbury chocolate have passed the increase on the price of their products. According to The Express , the Italian company acquires 25% of the world hazelnut production to make its chocolate products. But Ferrero assured his back this year by acquiring the largest manufacture of hazelnuts, Oltan.
Other firms have already announced price increases of chocolate bars. The group announced in March to pay 7% more for its products in North America since July.
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