The Competition Authority's hazelnut investigation has expanded

Turkey’s Competition Authority has widened its hazelnut market investigation to seven companies, including Ferrero, the maker of Nutella. Regulators are examining whether the firms coordinated hazelnut purchase prices and whether Ferrero complied with commitments it gave in 2024. The expansion raises antitrust scrutiny over pricing in a market where Turkey is the world’s dominant hazelnut supplier and Ferrero is a major buyer. Investors should watch for the authority’s findings on price coordination and any potential penalties or revised commitments affecting Ferrero’s sourcing.