The Investors Who Think Hazelnuts Will Be the Next Pistachios
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What is the main topic discussed in this episode?
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Hello and welcome to another episode of the Oddlots Podcast. I'm Joe Weissenthal.
And I'm Tracy Alloway.
Tracy, you know I've never had Nutello before.
I know that.
I
think we were talking about this the other day and I said and I mean this a hundred percent and I don't mean it to come off badly, but I genuinely feel really sorry for you for never having Nutella. I feel like you are missing out on one of the the best things in life.
And you know, I've never had uh the Dubai chocolate before either.
I know. Again, my sympathy for you just continues to expand.
So as everyone knows, you know, I'm just like a real ahead of the curve guy on most things. I was really ahead of the curve on having nut allergies. 'Cause now like all kids basically have nut allergies, it seems like, or like half the kids in any uh my kids' class. But I was like really early on in the nineteen You were
having nut allergies before it was cool?
I was having nut allergies before it was cool. I'm aware that people love Nutella. I'm aware that people love Dubai chocolate, or some people do, or they at least like posting about it on Instagram and all things pistachios, et cetera. And yes, but I I I take it it's all good stuff.
It's so good. Oh my God. Um it's I mean, there is nothing better than eating Nutella out of a spoon. Or sorry. Eating Nutella out of a jar with a spoon, preferably with a glass of milk. Like it is so good. It looks
good.
Dubai chocolate. Have you had it? I have, but I'm not that enamored with it.
Interesting. I remember like I it was probably like a year and a half ago and I just started seeing like signs. It's like we have the Dubai chocolate.
Oh, they're everywhere now.
But the I the other day I went to my uh the local deli on my block and they had five di just on the counter, they had five different version five different companies selling it, five different products that you could buy, which I take is just some sort of, you know, chocolate with some sort of creamy pistachio in the middle. And if you break it open, it looks good on social media.
That's pretty much it. I do find it kind of funny that this like viral chocolate has come out of Dubai of all places, which doesn't necessarily have a strong confectionary history, but uh it has certainly tapped into various luxury markets. So I think that's what's going on.
I was looking through uh the tr uh conference call transcripts uh on the Bloomberg a few weeks ago and I was looking like have what companies have talked about this?
What is the “Dubai chocolate” craze and why does it matter for nut investors?
And there's one big Swiss publicly traded chocolatier and they talked about it and they talked about I guess it was A woman in Dubai just started making it. Then they called it the Dubai chocolate. Anyway, they were talking about how fast they adapted to TikTok trends, et cetera. But I guess the business of nuts and uh how it works, not something that we discuss much, maybe because of my own you know, I can't I'm uh I'm I'm allergic to talking about these topics.
Well, there is one nut that you can eat.
That's right, almonds.
Almonds. And I still managed to poison you once with almonds. I feel really bad about it. But
how did
that happen?
I don't know. I so for listeners, I didn't do it on purpose. I bought him some of those Korean nuts that we'd been talking about in the snack food episode, and they were almonds, so we thought they were okay. But
like laced with something else. Yeah, almonds. I didn't die.
Yeah. So that's always a plus. I didn't kill my co host.
Anyway, despite my own because I'm a journalist dedicated to learning about the truth about the world, I will get over my personal biases against nuts in pursuit of journalistic truth and learning more about how all these businesses work and the chocolate business and all these work how these work just because I I I want to learn more about the world, even when I cannot partake of its goodness.
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Chapters
4 chapters
1
What is the main topic discussed in this episode?
0:00–3:04
2
What is the “Dubai chocolate” craze and why does it matter for nut investors?
3:04–24:40
3
How did the hosts first become interested in hazelnuts as a frontier investment?
24:40–44:18
4
What are the key characteristics of the Turkish hazelnut supply chain?
44:18–45:23
Speakers
6 identifiedMore from Odd Lots
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