Italy continues to be the largest buyer of Canadian durum wheat, even if prices rise

Published 2021년 11월 11일

Tridge summary

Despite climate-related challenges leading to a significant reduction in Canadian wheat production, Italy has continued to receive Canadian wheat, with 1 million tons exported in September 2021. This represents a decrease from the previous year, with the United States and Indonesia being the largest buyers. However, imports to China and Bangladesh have seen a notable decrease. The cost of elevating grain has risen due to increased export activity and higher energy prices, impacting the base offers. Despite these challenges, the short-term outlook suggests a potential decrease in Canadian durum wheat exports due to anticipated demand rationing, while the market for Canadian spring wheat is expected to be favorable for sales.

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

Original content

Climate changes, cataclysms, torrential rains, floods follow one another, but Canadian wheat always arrives in Italy, even if wheat production in Canada has been reduced by about 50% and even if many Canadian farmers, in this phase, prefer to store the grain to sell when the price rises. The figure comes out of the reading of documents relating to the export of Canadian wheat. Last September, Canada, despite a bad year due to drought, exported 1 million tons of wheat. We mostly talk about soft wheat. Exports down compared to September 2020, when Canada exported 1.56 million tons of wheat. And durum wheat destined for Italy? There is also: 73.2k tons. It is not a large quantity, but it is there. According to what we read on SWB, Italy remains the largest buyer of Canadian durum wheat even in a year of crisis like the present. (will the advertisements continue to say that Italian industrial pasta is entirely made with "Italian durum wheat"?). The largest buyer of Canadian wheat in ...

Source: Inuovivespri