Monday 20 September 2021

Nutella Prices Could Go Up, But Not For Why You May Think

Paying the bills

Latest

1,308 complaints about parties and agglomerations this weekend

QCOSTARICA - Police actions to enforce health regulations do...

ELON MUSK LAYS OUT WHEN TESLA WILL START RECEIVING BITCOIN

Following the series of accusations and backlash levelled against...

Top 3 Tips for Better Online Casino Security

The gambling industry has prospered over the years and...

Today’s Vehicle Restriction September 20: Plates ending in “1 & 2” CANNOT circulate

QCOSTARICA - For today, Monday, September 20, vehicles with...

Athleta women’s brand opened its first store outside North America in Costa Rica

QCOSTARICA - Gap Inc.'s Athleta brand announced the opening...

Carlos Alvarado: Vaccine retention ‘delays global solution and increases risk of new virus variables’

QCOSTARICA - Costa Rica President Carlos Alvarado showed his...
Paying the bills

Share

COSTA RICA EXTRA – The next time you go to grocery store to pick up some Nutella, you will probably have to pay more at the checkout counter. And not because of the rising price in chocolate, but due to a a global shortage of hazelnuts.

one-serving-of-nutella-has-as-much-sugar-as-five-oreosWhile it does contain cocoa, is is not the main ingredient in Nutella. WTF? In fact, under Italian law, it cannot be labeled as a chocolate cream, as it does not meet minimum cocoa solids concentration criteria.

The main ingredients of Nutella are sugar and palm oil, followed by hazelnut, cocoa solids, and skimmed milk. In the United States, Nutella contains soy products. An older recipe, Gianduja, was a mixture containing approximately 71.5% hazelnut paste and 19.5% chocolate.

- Advertisement -

Thus Nutella is marketed as “hazelnut cream” in many countries.

But back to the hazelnuts.

Following poor weather in Turkey, prices of hazelnuts have spiked more than 60 percent.  This is especially bad news for the Italian company Ferrero, which makes Nutella. The company says it uses 25 percent of the world supply of hazelnuts. They claim each jar includes more than 50 hazelnuts for every one pound.

The extent of the damage isn’t fully known, but the Turkish industry is bracing for a smaller harvest.

Just last month, the Ferrero Group announced it had ramped up investment in the hazelnut sector through its purchase of Oltan Group, a leading hazelnut supplier.

At the time the company noted it would “represent a significant opportunity for a sustainable and leading growth of the Turkish hazelnut sector in the future.”

- Advertisement -

NutellaPancakecenterls

History
Nutellawas introduced to the market in 1964 by the Italian company, Ferrero.

Pietro Ferrero, who owned a bakery in Alba, Piedmont, an area known for the production of hazelnuts, sold an initial batch of 300 kilograms (660 lb) of “Pasta Gianduja” in 1946.

This was originally a solid block, but Ferrero started to sell a creamy version in 1951 as “Supercrema”.  In 1963, Ferrero’s son Michele Ferrero revamped Supercrema with the intention of marketing it across Europe.

- Advertisement -

Its composition was modified and it was renamed “Nutella”. The first jar of Nutella left the Ferrero factory in Alba on 20 April 1964. The product was an instant success and remains widely popular.

Article by Costa Rica Extra, reposted with permission

- Advertisement -
Paying the bills
Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

1,308 complaints about parties and agglomerations this weekend

QCOSTARICA - Police actions to enforce health regulations do not stop....

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.