Overview
- Wholesale hazelnut prices in Turkey have climbed about 30% since April after the worst spring frost in over a decade.
- Agricultural intelligence firm Expana forecasts continued price increases ahead of the August–September harvest.
- Ferrero has said it will tap alternative sources in Italy, Chile and the United States to cover any shortfall.
- Turkey’s main exporter group has cut its 2025 harvest forecast by 20% to roughly 609,000 tonnes.
- Investors such as Evli have boosted holdings in Turkish processors anticipating sharper supply-driven price spikes.