Upcoming Edible Items and Their Cost Hike

The prices of a popular aromatic food have seen a significant increase, making it a challenge for many wallets. This increase is primarily due to the impact of climate change, particularly on the world's largest hazelnut producer, Turkey.

The higher raw material costs are causing manufacturers, dealers, and consumers to feel the pinch. This has led to a shift towards cheaper store brands for many branded products. The price hike could potentially lead to a supply shortage of popular nut nougat creams like Nutella, as the price increase also affects other products containing hazelnuts.

Coconut oil prices have nearly tripled in India within less than two years due to high global demand and limited supply. Further price increases are expected for coconut oil, but specific future percentage increases are not stated.

The extent of future hazelnut price increases is uncertain, but the price of raw materials from Turkey, such as hazelnuts, has increased more than a third this year. As a result, consumers are paying 27% more for Nutella in 2025 compared to three years ago.

The aromatic food, which is used in many kitchens, provides minerals, unsaturated fatty acids, and vitamins. Despite its price increase, it remains a healthy and versatile option.

Almonds can be a cheaper alternative to hazelnuts for baking, offering a similar taste and nutritional profile. The price increase of other raw materials, such as coffee and cocoa beans, is also affecting products containing hazelnuts.

However, there is currently no problem with the supply of hazelnuts for the Nutella manufacturer, Ferrero. The company continues to produce its popular spread, albeit at a higher cost.

It is important to note that further price increases for coffee, nuts, and other products are likely due to the ongoing effects of climate change. As we navigate these challenging times, it is crucial to stay informed about the factors influencing the prices of our favourite foods.