Monday, September 7, 2020

And For Nutella Fans: "Turkey hazelnut exports rose record 27.5%"

An abundant crop.
And a far cry from September 2014:
"The Hazelnut News Frenzy Continues"
'Hazelnut news frenzy' reminds me of a story from the WSJ's Matt Phillips a few years ago:

The clamor for more historical context on the current record low for U.S. interest rates has hit a fever pitch! 

We've been keeping our distance from Nutella news, fearing it would cut into the pixels available for almond articles.
From Modern Farmer:
Turkey's bad weather in March led to a spate of news stories last month warning of a possible big shortage of Nutella, the chocolate spread with an unusually fervent fan base.....
And the latest, from PoAndPo Agrifish:

Turkey's hazelnut exports rose 27.5% to reach 343,561 tons from September 2019 to August 2020 year-on-year – a new record – a regional trade union announced, Amadolu agency reports.
The Black Sea Hazelnut and Products Exporters' Union reported that Turkey earned $2.3 billion from hazelnut exports during the hazelnut export season, which starts in September and ends in August....MORE 
I don't think the Ferrero family were sweating the harvest, unlike the squirrels, they seem to always be able to find their nuts.
Related:

"Italy’s richest family to get $934 million from Nutella maker"

German Thieves Steal 5 Tonnes of Nutella

To Create A "1%" In A Social Hierarchy You Don't Need An Economic Surplus, Just A Storable Form Of Wealth
So there I was, reading the abstract of "Hazelnut economy of early Holocene hunter–gatherers: a case study from Mesolithic Duvensee, northern Germany", thinking about Nutella and Frangelico when this grabbed my eye:....