Soft wheat, it will be an autumn with "hot" prices in Italy

Published 2021년 8월 31일

Tridge summary

Italian soft wheat production is expected to reach between 2.7 and 2.8 million tons, similar to the previous year, with consumption estimated at 7 million tons, leading to a structural deficit of 4.9 million tons that will need to be covered by imports, primarily from non-EU countries. The quality of the crop is average with some variations, and the market is influenced by the international market, other commodities, and the impact of the pandemic. The current campaign is expected to see less reliance on German, Austrian, and Croatian wheat, in favor of French, Romanian, and Bulgarian wheat. The value of Italian wheat is uncertain in a global market of high prices and varying quality.

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

Original content

Positive period for Italian producers but uncertainties on consumption due to the pandemic remain. Markets sensitive to livestock demand and export shares of Russia and Ukraine The production framework and the characteristics of the soft wheat crop in the Northern Hemisphere are now outlined and the world outlook, despite the multiple climatic vicissitudes that occurred, remains for a 2021 harvest quantitatively to highest ever. However, this positive data must intersect with the variegated qualitative responses and be inserted in a cereal context that remains unstable overall. Thus, even for the current campaign, our markets will remain strongly influenced by the effects of the international market and other commodities such as barley and corn. Average production and quality With Italian production of soft wheat estimated at between 2.7 and 2.8 million / t (value in line with what threshed in 2020), and consumption still confirmed at 7 million / t, the structural deficit which ...

Source: Terraevita