Interstellar_1@pawb.social to Asklemmy@lemmy.ml · 5 months agoWhat is an interesting fact that you recently discovered?message-squaremessage-square197fedilinkarrow-up11arrow-down10
arrow-up11arrow-down1message-squareWhat is an interesting fact that you recently discovered?Interstellar_1@pawb.social to Asklemmy@lemmy.ml · 5 months agomessage-square197fedilink
minus-squareInterstellar_1@pawb.socialOPlinkfedilinkarrow-up0·5 months agoFerrero (the company that owns Kinder, Nutella and Ferrero Rocher) used one quarter of the world’s hazelnut supply in 2014.
minus-squareSorteKanin@feddit.dklinkfedilinkarrow-up0·5 months agoThat’s way too much for one company. Is it just me or does the world just keep making more and more monopolies?
minus-squareCarighan Maconar@lemmy.worldlinkfedilinkarrow-up0·5 months agoOr we just don’t actually have that many hazelnuts. Or Ferrero just makes some really yummy stuff and hence it’s bought in insane amounts.
minus-squareSorteKanin@feddit.dklinkfedilinkarrow-up0·5 months agoIf its such a lucrative business for Ferrero, how come there aren’t competitors enough to make it so they can’t hog 25%?
minus-squareMouselemming@sh.itjust.workslinkfedilinkarrow-up0·5 months agoAmerican candy manufacturing mostly uses peanuts and/or almonds instead, so they compete but not for filberts/hazelnuts. I will also contend that they’re not that good a nut on their own, they need chocolate to achieve their true destiny.
minus-squareGreyEyedGhost@lemmy.calinkfedilinkarrow-up0·5 months agoI have to downvote you on the hazelnuts not being very good. They’re one of my favorite nuts, and they look cool!
minus-squareCarighan Maconar@lemmy.worldlinkfedilinkarrow-up0·5 months ago80% goes to the EU confectionery industry, according to what I could quickly Google. So 65% go to Ferrero like companies that aren’t Ferrero.
minus-squareAltima NEO@lemmy.ziplinkfedilinkEnglisharrow-up0·5 months agoIt’s just deceivingly worded. It’s not like they took that much out of the total supply, taking away from others that would have needed it. Reality is that hazelnut farmers were farming them in order to sell them to Ferrero.
minus-squareSorteKanin@feddit.dklinkfedilinkarrow-up0·5 months agoI guess that makes somewhat sense. But it still gives Ferrero too big of an influence on the price of hazelnuts I would guess
minus-squareZagorath@aussie.zonelinkfedilinkEnglisharrow-up0·5 months agoThat’s how capitalism works.
Ferrero (the company that owns Kinder, Nutella and Ferrero Rocher) used one quarter of the world’s hazelnut supply in 2014.
That’s way too much for one company. Is it just me or does the world just keep making more and more monopolies?
Or we just don’t actually have that many hazelnuts. Or Ferrero just makes some really yummy stuff and hence it’s bought in insane amounts.
If its such a lucrative business for Ferrero, how come there aren’t competitors enough to make it so they can’t hog 25%?
American candy manufacturing mostly uses peanuts and/or almonds instead, so they compete but not for filberts/hazelnuts.
I will also contend that they’re not that good a nut on their own, they need chocolate to achieve their true destiny.
I have to downvote you on the hazelnuts not being very good. They’re one of my favorite nuts, and they look cool!
80% goes to the EU confectionery industry, according to what I could quickly Google. So 65% go to Ferrero like companies that aren’t Ferrero.
80% - 25% = 55%
This is me, math genius. 😒
It’s just deceivingly worded. It’s not like they took that much out of the total supply, taking away from others that would have needed it. Reality is that hazelnut farmers were farming them in order to sell them to Ferrero.
I guess that makes somewhat sense. But it still gives Ferrero too big of an influence on the price of hazelnuts I would guess
That’s how capitalism works.