Durum wheat, further double-digit declines globally

The decline in the price of durum wheat does not stop, dragging soft wheat with it. Corn and fodder cereals hold, soya rises Durum wheat prices in free fall Italy Last week of sharp drops in durum wheat prices on the commodity exchanges which from North to South fall between €10/t in Bologna and €15-16/t t of Foggia-Altamura. The recovery prospects are not visible except for changes in the production (progress in the field) and commercial (CIF Mediterranean quotations) panorama. The 2024 harvest forecasts speak of 3.5 million/t based on average yields of 3 t/ha, but it is still too early to make in-depth considerations, which however cannot exclude the weight, direct or indirect, of the Turkish foreign supply. Russian and Canadian in the coming months. The commodity exchanges decline these uncertainties and quote the "Fino" type durum wheat downwards at €320-325/t arriving North for the Central origin and €320/t arriving South. Merchants confirmed at a discount of €15-35/t in the ...