Italy: Durum wheat, harvest forecasts rekindle the prices

It is now certain that the 2024 campaign, at a national level, will be less productive than last year. Soft wheat, corn and fodder crops are also on the rise. Durum wheat, the availability of national products is decreasing. Italy. The availability of national durum wheat is decreasing and price increases of around €5/t have been recorded in central-northern markets; stable Foggia, however aligned to the central south origin. The conditions of the new harvest remain better from south to north, awaiting the quality check in the coming weeks (hot-humid risk). Demand is present to negotiate what is available, with the certainty now of an Italian harvest that is quantitatively lower than expected and greater dependence on (well-maintained) foreign markets. Product arrivals at ports reduce possible tensions in the short term. The central “Fino” delivered north rises to €350/t, with the equivalent delivered south around €360/t; merchant ships at a discount of €25-45/t in the south and ...