Hazelnuts: distracting legal action

November 24, 2022 at 12:08 PM , Der AUDITOR
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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

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