date:Aug 18, 2014
Hazelnut shortages are causing major concerns at the moment, after a severe frost devastated crops in Turkey.
Turkey produces around 70 per cent of the world's hazelnuts but a severe frost and hail storms in March affected the crop. Now producers are warning that the harvest could be down to 540,000 tonnes, far below the expected 800,000 tones. The full extent of the damage will not be known until the end of the harvest in October.
The price of the nuts has reached $10,500 per tonne, compared