"The start of this hazelnut campaign wasn't exceptional, but things were looking positive. Initially, before harvesting even started, we expected the production to be lower than last year - 50% less than a normal year. However we realized initial estimates were too optimistic, as the drop in production reached 70%," explains Vincenzo De Maio.
"We also thought prices would be better at €350/100 kg however, unfortunately, the average price of hazelnuts from Campania is €250/100 kg, which would correspond to around €600/100 kg of shelled produce. Giffoni hazelnuts reach better quotations."
"These prices barely cover management costs due to the low production. After all, Turkish growers - our competitors and the leading producers in the world - managed to obtain 80% of their normal production and therefore did not increase their prices."
"The last time such a bad year occurred was decades ago. What is more, the problem affects the entire Campania region. Producers are still hopeful about the final phase of the campaign, with prices maybe increasing by 5-10%."
"The weather also played its part: problems during setting due to the adverse weather led to a two-week delay in harvesting. Harvesting should finish towards the end of the month."
"The situation is affecting the entire chain as it is estimated that there will be no stocks for next year, with negative repercussions for the processing industry as well."