Ferrero dispels fears of Nutella shortage

The president of the Italian food giant Ferrero has denied that there is a Nutella shortage on the way after speculation that a poor hazelnut harvest could hit the popular chocolate spread.

Ferrero dispels fears of Nutella shortage
The imminent Nutella shortage was described as a "false problem" by Ferrero's president. Hazelnut spread photo: Shutterstock

Reports of a Nutella shortage or price hike last week follow a poor harvest in Turkey, which produces 70 percent of the world’s hazelnut supply.

Trade estimates said the shortage amounted to 260,000 tonnes of the nut, while French daily Le Parisien said hazelnut prices had jumped from €5,000 to €8,5000.

READ MORE: Consumers may have to shell out more for Nutella

But Francesco Paolo Fulci, the president of Ferrero, the maker of the famous chocolate spread, dispelled fears of an imminent Nutella shortage.

“It’s a false problem,”  he was quoted in AGI as saying.

“We have recurrent crises of this type more or less every ten years and in the past they haven’t been talked about. I ask if some people are looking to raise prices. I hope that this isn’t the case,” he said.

There is no need to stockpile jars of Nutella, as Fulci assured reporters “we will continue to offer the quantity of Nutella requested by consumers.”

To fit 50 hazelnuts into each 13oz (370g) jar of Nutella, Ferrero buys up around 25 percent of the world’s annual production.

To secure its position in the nut market, Ferrero last month bought up Turkey’s Oltan Group, described by the company as “the worldwide leading operator” in hazelnuts.  

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Erdogan calls French separatism bill ‘guillotine’ of democracy

Turkey's President Recep Tayyip Erdogan on Wednesday denounced a planned French law designed to counter "Islamist separatism" as a "guillotine" of democracy.

Erdogan calls French separatism bill 'guillotine' of democracy
Erdogan has already denounced the proposed measures as "anti-Muslim". Photo: Adem ALTAN/AFP

The draft legislation has been criticised both inside France and abroad for stigmatising Muslims and giving the state new powers to limit speech and religious groups.

“The adoption of this law, which is openly in contradiction of human rights, freedom of religion and European values, will be a guillotine blow inflicted on French democracy,” said Erdogan in a speech in Ankara.

The current version of the planned law would only serve the cause of extremism, putting NGOs under pressure and “forcing young people to choose between their beliefs and their education”, he added.

READ ALSO: What’s in France’s new law to crack down on Islamist extremism?

“We call on the French authorities, and first of all President (Emmanuel) Macron, to act sensibly,” he continued. “We expect a rapid withdrawal of this bill.”

Erdogan also said he was ready to work with France on security issues and integration, but relations between the two leaders have been strained for some time.

France’s government is in the process of passing new legislation to crack down on what it has termed “Islamist separatism”, which would give the state more power to vet and disband religious groups judged to be threats to the nation.

Erdogan has already denounced the proposed measures as “anti-Muslim”.

READ ALSO: Has Macron succeeded in creating an ‘Islam for France’?

Last October, Erdogan questioned Macron’s “mental health”, accusing him of waging a “campaign of hatred” against Islam, after the French president defended the right of cartoonists to caricature the prophet Mohammed.

The two countries are also at odds on a number of other issues, including Libya, Syria and the eastern Mediterranean.