Nuts

Hazelnuts: Ferrero issues surprise tender

February 15, 2024 at 10:15 AM , Der AUDITOR
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ORDU. Ferrero has issued a rather strange tender for hazelnuts. Suppliers are in a difficult position and weather patterns are being watched closely.

Irregular move

Ferrero has not only reported a substantial growth in turnover for the 2022/2023 financial year but also issued a surprise tender for hazelnuts on Monday. As the Luxembourg-based Ferrero International S.A. holding group reported on Wednesday turnover surged by 21% to EUR 17 billion (USD 18billion) in the financial year 2022/2023, which ended on 31 August. The holding company reported growth in all categories and regions. While the general idea was floated in the market only recently that Ferrero would not immediately require new hazelnut volumes, the

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