Hazelnuts: distracting legal action

November 24, 2022 at 12:08 PM, Der AUDITOR
Play report as audio

ORDU. Ferrero has taken centre stage in Turkey’s local media after the competition watchdog launched a legal investigation on the company’s market position. Hazelnut suppliers are, however, more concerned over the unexpected turn prices have taken.

Ferrero investigation distracts

Turkey’s competition authority found sufficient evidence suggesting that Ferrero is monopolising the market in September and has recently launched a legal investigation. Not only do farmers complain that the market giant pays them only meagre sums but also that the Italian company only works with 13 traders in purchasing hazelnuts. Although the proceedings have gained a lot of media attention, suppliers are convinced that not much will change as Turkey largely depends on Ferrero and has only recently granted the company financia

View related articles

Go to the News Overview
Nov 28, 2022
NEW DELHI. Although market prices are already well above the minimum support price, many farmers are holding back their goods in the hope of further increases. This does not necessarily meet with approval from buyers.
Nov 24, 2022
ATLANTA. As every year at this time, buyers try to drive down prices in the US pecan market. Experienced growers already know this game and do not get involved, while the new market players sometimes act less prudently.
Nov 22, 2022
MADRID. Spain’s almond exports showed another dent in September but are still surprisingly good considering that production has declined sharply.