Hazelnut producers in Turkey face difficulties producing the crops
Raw Hazelnut
France
Turkiye
Innovation & Technology
Caroline Le Foll
Published Jan 20, 2022
Turkey is experiencing a currency collapse, making it more expensive to produce hazelnuts, which leads to shortages in the global supply chain that would impact buyers such as Nutella-producer Ferrero. Ferrero buys around one-third of Turkey's hazelnut exports.
Turkish President Recep Tayyip Erdogan's decision to cut interest rates and the resulting crash in the lira's value are having a knock-on effect on hazelnut farmers. Local farmers state that it has become more expensive to buy imported products such as fertilizers and seeds used to produce hazelnuts.
Due to this situation, some farmers produce fewer nuts, which results in a shortage. The higher costs that farmers bear ultimately lead to higher consumer prices or make buyers head to other markets to source hazelnuts.
Italian-based company Ferrero has already been trying to reduce its dependence on Turkey and source from its home country. But while Italy is the second-biggest producer of hazelnuts, Turkey remains leagues ahead in the hazelnut market.
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