Nutella Hazelnuts: Orchards of Chile
New Chilean hazelnut plantations – 17,000 hectares – represents only 1.5% of the global supply but a steady increase in production and the number of hectares planted is expected. The big incentive for this new market is the excellent current price of USD4.7 per kilo, where the past price of USD 3.00 per kilo meant a return of USD5,000 per hectare. High profitability means leading farmers in this new industry will have very buoyant bank accounts. Hazelnut is a tree native to Asia, and for…
Hazelnuts Growers have a good future in South America
Why ? Government intervention in Turkey has sent Hazelnut Internaational prices soaring. Turkey produces 75 percent of the world’s Hazelnuts, with the key growing regions concentrated along the Black Sea coast to the east of the country, all areas that voted for Mr Erdogan. There are about 4,000,000 people, directly and indirectly, dependent on the hazelnut sector in Turkey, with the nuts produced by mostly small growers. Hazelnut prices have surged almost 10 percent in the last two weeks after the Turkish…
