Pasta prices are rising on the world market

Published 2023년 9월 28일

Tridge summary

Drought and bad weather in Canada and Europe have damaged durum wheat crops, leading to higher pasta prices. The price of pasta has risen by about 12% in Europe and 8% in the United States this year. The reduced supply and lower production in various countries, such as Spain and Italy, have caused a decrease in world production of durum wheat, prompting Italian pasta makers to seek alternative suppliers such as Turkey.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Pasta lovers will be forced to pay higher prices for their favorite dish as drought in Canada and bad weather in Europe damage durum wheat crops and reduce supplies, reports AlbertaFarmExpress. Follow the news in a convenient format: Follow us on Twitter Retail pasta prices have risen about 12% in Europe this year and 8% in the United States, according to research firm Nielsen. A smaller harvest is also expected in the United States due to drought, while drought has reduced production in Spain and harsh weather has led to uneven quality in Italy and France. In May, Italy's government called an emergency meeting as the price of staple foods jumped to more than double the country's inflation rate. World production of durum wheat has hit a 22-year low, so well-known Italian pasta makers have turned to unusual suppliers such as Turkey for their key ingredient. Traders say Turkey is getting a bumper crop and large stockpiles to reverse its usual role as an importer. Its exports are ...
Source: Landlord

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