Overview
- Turkish hazelnut kernels are trading at about €9,400 per tonne, marking a more than 33 percent increase since the start of the year.
- The state market regulator forecasts this season’s harvest at around 450,000 tonnes, down roughly 36 percent from 2024.
- Officials set the minimum purchase price at €4.20 per kilogram, a 17 percent rise in euro terms and over 50 percent in lira terms.
- Food manufacturers are diversifying sourcing, reducing nut content and investing in overseas farms to ease mounting cost pressures.
- Experts warn that climate-driven extreme weather could trigger further supply shocks, a trend referred to as “climateflation.”