Turkish hazelnut production could decrease by nearly 40%, while Chilean production doubles.

Turkey, the world's largest hazelnut producer, is expected to see a 36% drop in production for the 2025/26 season, falling to 500,000 tons, a significant reduction from the 60.9 million tons estimated in May of this year. Severe crop losses due to adverse weather conditions, including spring frosts and summer droughts, are expected to bring production to its lowest level in recent years. Chile and the United States are expected to see increases in production of 106% and 19%, respectively, reaching 120,700 tons and 106,000 tons. According to INC, Italy's hazelnut production for the 2025/26 season is expected to reach 65,000 tons, a 25% decrease from the previous year. The reduction is primarily due to adverse weather conditions and pest problems, particularly the large-scale infestation of Curculio nucum. In industry news, Ferrero, the world's largest hazelnut buyer, recently offered Turkish farmers a purchase price of 300-310 Turkish Lira per kilogram based on quality grades. Market sources estimate that Ferrero has already purchased approximately 35,000 tons of hazelnuts. Over the past four weeks, as of November 20, the benchmark price for Turkish 11/13 specification Levant grade hazelnuts fell by 11% to $1,490 per ton, according to Mintec/Expana, the largest international IOSCO-certified agricultural food price reporting agency. The market had previously surged to nearly $1,800 per ton, but prices have fallen due to weak demand.