Maker Of Nutella Buys Hazelnut Supplier To Keep The Choco-Spread Flowing

Maker Of Nutella Buys Hazelnut Supplier To Keep The Choco-Spread Flowing

What do hail storms in Turkey have to do with the supply of Nutella at your local grocery store? A lot, actually. Hazelnut prices are away up due to a worldwide shortage. Ferrero, the company that makes Nutella, uses about 25% of the hazelnuts in the world. It and simplified its supply chain this year by acquiring a major hazelnut processor, Oltan in Turkey. [More]