In conversation with analysts Mintec, a Turkish trader said this of the much dwindled harvest:
Mintec reported that the hazelnut harvest, which in May was estimated to be 810,000 tonnes, already a decrease of 2% year on year for 2023/2024, could in fact be as low as 620,000-650,000 tonnes this year. The smaller harvest will result in higher prices, which are already being seen, as well as a scarcity in hazelnut products, such as Ferrero Rochers and Nutella. You can read more about the shortage and what it means on the Mintec website. Header images via Getty READ ON: - Ireland and UK confirmed as hosts of Euro 2028 - New Zealand pundit calls out Irish rugby stars for lacking class and respect - Weather-proof your autumn plans by hitting up the Dublin Theatre Festival"We went to speak to farmers and they all said the harvest would be much smaller than last year. We are seeing the effects of global warming, insect damage and, in particular, a lack of rainfall during the critical nut development period in May."