Italy: The depressive effect of Turkish durum wheat imports continues

Published 2023년 10월 20일

Tridge summary

The text discusses the widening spread between different types of wheat prices in Italy, with strong wheats commanding higher prices than bread-making wheats. There are concerns about sowing due to a lack of rain, but the arrival of rain has alleviated some of these concerns. There are signs of recovery in the wheat market in Europe due to increased demand from local mills and ports executing existing contracts with Asia, and there is also some bullish factors in the global market such as Chinese demand and progress of sowing in Ukraine.

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

Original content

On the soft side, however, the spread widens on a qualitative basis. Soya regains share, corn goes towards an increase in the price lists Soft wheat, the spread grows on the basis of quality Italy On the main northern markets, the trend of widening of the difference between the prices of strong wheats (item 1), requested and relatively less available, and bread-making wheats (item 3), with prices unchanged for grains with lower specifications (items 4 and 5). On Milan the spread between item 1 and item 3 increases by €5/t, while on Bologna it reaches €14/t. Exchanges are normal, with currently adequate supply for all types. The arrival of the rains partly eases concerns about sowing. The “Bologna 14 protein type” wheat rises to €335/t arrival, with the “superior” ones (class 2) at €275-280/t and the “mixed” bread-making products (class 3) at €235-245/t. Items 4 and 5 consolidate at €225/t and €210/t arrival. Community commodities rising by €3-5/t with US-Canada springs unchanged. ...

Source: Terraevita