World Pasta Day, Bmti: 25% lower prices for durum wheat in Italy

An analysis by BMTI on data from the Chambers of Commerce and national commodity exchanges, carried out on the occasion of World Pasta Day, shows a drop in the prices of durum wheat and semolina in recent weeks. After the increases recorded in July, at the start of the commercial campaign, linked to the quality problems of the Italian harvest caused by the rains that occurred between May and mid-June, the market for the raw material (durum wheat) and the semi-finished product (semolina) used to produce the pasta showed a phase of weakness. Specifically, fine durum wheat, in the third week of October, fell to €383/t, losing 1.6% compared to the same week of September and 25% compared to a year ago. Consequently, the decreases in the raw material led to a reduction, albeit slight, also for the prices of semolina which, in the third week of October, fell to €640/t, -1% on a monthly basis and approximately -20% every year. In a year marked not only by the quality problems of the ...