ANKARA: Turkish authorities on Thursday (Nov 6) threatened to impose fines on Italian food group Ferrero for not buying Turkish hazelnuts, which are a key part of its globally sold Nutella spread.

Turkish media reports said that Ferrero planned to stop buying in Türkiye, its traditional supplier and the world’s number one hazelnut producer, because of higher prices caused by shortages and bad weather that had affected quality.

The Turkish Competition Authority said, however, that “Ferrero will have to buy at least 30,000 tonnes of nuts in shells between September and December” from Turkish producers who regularly accuse the Italian group of holding down prices.

It warned that fines could be imposed if the nut sales were not made. Ferrero did not immediately comment.

The competit…

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