“One of the world’s most desired natural resources is facing a major shortage. It’s not oil, it’s hazelnuts. Harvests have been severely damaged this year by unseasonable weather and disease, so if you see long lines at your local grocery store, it might be people trying to get their hands on the last jars of Nutella before prices surge.
Turkey produces over 70 percent of the world’s hazelnuts, but has been plagued by hailstorms and frosts, pushing the price of hazelnuts up to the highest it’s been in 10 years. With Ferrero, Nutella’s parent company, using 25 percent of the world’s hazelnut supplies and putting over 50 hazelnuts in each jar, don’t be surprised if the shortage requires you to dish out a bit more for that chocolaty, gooey goodness. (But perhaps this is a blessing in disguise for those of you who take your Nutella addiction too far.)” *
Cenk Uygur (http://www.twitter.com/cenkuygur) and Gina Grad (http://www.twitter.com/GinaGrad) discuss.
*Read more here from http://www.huffingtonpost.com/2014/08/20/hazelnut-shortage-nutella-prices_n_5691755.html