The news is all bad for chocolate lovers and those who love the hazelnut spread Nutella.
The price of hazelnuts has risen after poor weather has devastated hazelnut crops.
Around 70 per cent of the world’s hazelnut crop is grown near Turkey’s Black Sea coast. This year heavy hail storms and frost hit in late March, devastating the local crops.
The price of the nut has subsequently already skyrocketed by more than 60 per cent.
The current cost of hazelnuts is US$10,500 per tonne, compared with US$6,500 per tonne in February.
The reality is that producers will have to pay more to get the nuts and this will mean the price of the items consumers buy will also increase.
Article written by Editor