Competition Authority launches 'hazelnut market' investigation into 7 companies

Competition Authority; Ferrero announced that an investigation has been launched against Atalay Fındık, Balsu, Karaçuha, Ofi, Özyılmaz and Şenocak companies for determining hazelnut purchase prices and hazelnut purchasing policies in a coordinated manner and affecting the price formation in the hazelnut purchasing market.

Competition Authority launches 'hazelnut market' investigation into 7 companies

Competition Authority; Ferrero announced that an investigation has been launched against Atalay Fındık, Balsu, Karaçuha, Ofi, Özyılmaz and Şenocak companies to determine hazelnut purchase prices and hazelnut purchasing policies in a coordinated manner and to influence the price formation in the hazelnut purchasing market.

The statement also included the following statements:

"As a result of the preliminary research; operating in the field of purchasing/selling hazelnuts;

Ferrero Hazelnut Imp. expulsion and Tic. Inc. (FERRERO),

Atalay Fındık San. and Tic. Ltd. Sti.,

Balsu Gıda San. and Tic. Inc.,

Karaçuha Agricultural Products Imp. expulsion Sec. and Tic. Ltd. Sti.,

Ofi Tarım San. and Tic. Inc.,

Özyılmaz Fındık San. and Tic. Inc. and

Şenocak Gıda Hazelnut Ent. Tur. Transplant. Const. Sec. Tic. Ltd. Ltd.

An investigation has been launched to determine whether the Law on the Protection of Competition No. 4054 (Law No. 4054) has been violated by determining hazelnut purchasing prices and hazelnut purchasing policies in a coordinated manner and affecting the price formation in the hazelnut purchasing market.

However, within the scope of the investigation; It will also be examined whether the commitments taken about FERRERO and made binding for the enterprise by the Board decision dated 07.03.2024 and numbered 24-12/213/87 have been complied with.

These commitments are made by FERRERO in 2024, 2025 and 2026;

(1) Shelled hazelnuts will not be purchased below TMO's reference price,

(2) No more than 100 thousand tons of shelled hazelnuts will be purchased during each hazelnut season, and

(3) At least 45 thousand tons of shelled hazelnuts will be purchased in the September-December period of each year (hot season).

It includes the following issues.

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