Eat and Drink Nutella not threatened, has hazelnut production on lockdown Nutella is a hazlenut spread with made with milk and cocoa. Photo Credit: FLICKR/ Emily Hildebrand By GEORGIA KRAL August 15, 2014 2:19 PM Print Share fbShare Tweet gShare Email Frost and a hail storm in Turkey damaged 70% of the world's hazelnuts, but Nutella won't be feeling the pain. (And that means you won't feel it in your wallet, either.) According to BusinessWeek, Nutella parent company Ferrero Group straight out bought the hazelnut supplier Oltan Group in July. Ferrero uses 25% of the world's hazelnuts, (wow that's a lot of Nutella,) so it makes sense that such a huge company would want to have its supply not only guaranteed and consistent, but also above the fluctuating prices of the open market. So while hazelnut prices have climbed 60%, Ferrero group has "less reason for concern," according to BusinessWeek. All you Nutella lovers can still eat Nutella straight off the spoon with abandon. recommended reading Crepes and long lines at the Nutella bar opening at Eataly Phew. (Runs to Nutella Bar at Eataly.) But there is a dark side. If you love Cadbury's Whole Nut Bar, there may be trouble, reports The Guardian. By GEORGIA KRAL Share on Facebook Share on Twitter Comments Comments section is temporarily on hold. Here’s why.