The world is running low on hazelnuts, could this be the end of Nutella!?

Just as we thought 2016 couldn't get any worse, we bring unfortunate news for Nutella fans -- and that's pretty much everyone right?

The price of this chocolatey delight is shooting up after a poor hazelnut harvest, with some shoppers already paying up to 25% more, reports Mirror via Metro.

According to the site, this is the result of a poor hazelnut harvest in Turkey -- with prices of the nut (one of the raw materials of Nutella) went up by 38%.

And this could get worse as growers hold on their supplies, analysts Mintel told Mirror.

Shoppers are currently paying  £2.50 (S$4.23) a jar in Tesco , Asda , Sainsbury’s and Waitrose -- that's  £0.50 (S$0.85) up from the £2 (S$3.39) last year.

Prices of other nuts such as cashews and peanuts are also shooting up due to unseasonable weather, the report suggested.

The current price of a 375g bottle of Nutella retails at S$5.90 at can you imagine if the price of this shoots up even higher!?

Could this be the end of everyone's favourite chocolate spread!?