Hazelnut oil price in Turkey catches up with olive oil

While the price of hazelnut oil, which increased by 130 in the last 1 year, reached 50 lira, it caught up with olive oil. The price increases experienced in the last 1 year in vegetable oils have reached the highest levels in their history. Hazelnut oil, which has an important place in vegetable oils, increased from 20 lira to 50 lira per liter. While 5 liters were sold for 100 liras a year ago, as of February this year, it has increased to 230 lira. It is stated that the reason for the increase in hazelnut oil is the increase in demand during the pandemic period and the lack of harvest. The fact that the hazelnut harvest was 665 thousand tons in 2020 and the weight of the raw material for hazelnut oil increased from 7 lira to 18 lira, increased oil prices. The price increase in hazelnut oil has reached the level of olive oil, whose price has increased to 50 lira recently. He states that the increase in the price of hazelnut oil is due to the increase in demand due to the pandemic ...