Global prices of durum wheat continue to rise

Published 2022년 5월 5일

Tridge summary

Drought in North America and North Africa is causing concerns and driving up the prices of pasta-making durum wheat on the international market. While steady, prices in Italy have seen increases, particularly in Naples and Bari, due to fears of reduced yields from the drought. In Canada, the average spot price for Cwad number 1 at 13% protein in Saskatwan has increased, as has the wholesale purchase price. These increases are partly due to growth in durum wheat area areas, but mostly due to uncertainty about production outcomes from drought risks. The Chicago wheat durum futures index has also seen a slight increase.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In Canada and the USA there is still uncertainty about the outcome of the next harvest due to the drought. Steady prices in Italy on commodity exchanges with the exception of increases in hard durum wheat up to national in Naples and Canadian 1 in Bari The international prices of pasta-making durum wheat in the last week continue to rise driven by fears of drought in some areas of the USA and Canada and from drought in North Africa. On May 3, 2022, the Chicago wheat durum futures index reported a 0.26% increase over the last 5 days, while on May 2, the Fob, Free on Board, Cwad, Canadian Western Amber Durum, top quality price. at 13% protein, it increases by another 8.28 euros per tonne at constant exchange rates. The approach of the new harvest and the possibility of room for improvement in terms of yields call the markets once again to be cautious. On the Italian wholesale markets, the demand for fine durum wheat remains in a stagnant phase awaiting the new harvest: and prices ...

Source: Agronotizie