The Black Sea puts pressure on the global prices of durum wheat

The Eurasian basin had already been a commercial outsider in 2023. The positive year will probably be repeated in 2024 and this will have an impact on the price lists. Bullish trends for corn Durum wheat, eyes on the evolution of the Italian market. The campaign picture is final. The trend is set by the alternative origins "made in Italy" which see more pressure from Europe and unchanged caution from third countries. The qualitative heterogeneity between the lots and the low quality (and healthiness) of some lots, in the north, keep the market highly deficient and linked to the global trend, with country import estimates firmly above 2 million/t. Prices stabilize while waiting to understand the evolution of consumption, product exports and the international durum wheat market. The mills maintain an adequate level of coverage and interest in lots of Italian origin. In Milan the discounts for merchant ships are widening, due to evident lower quality in the areas most affected by bad ...