Pills from the Italian markets: Chickpeas and butter

Published Aug 30, 2024

Tridge summary

Canadian chickpea prices have seen a significant decrease, with the first prices of the campaign marking a 10% to 13% drop for different calibers compared to the last detection of the old harvest. This decline is due to a global market with increased supply and an increase in national production. In contrast, milk deliveries in the EU have only shown a modest increase of 0.4% in the first half of the year, lower than the average growth rate from 2010 to 2020. There are concerns about quantity and fat content in important fat production and export areas, leading to a 2% decrease in EU butter production. Butter prices have surged due to slow supply and an inflationary trend, with prices in the Kempten reference market increasing by 34% since the start of the year.

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

Original content

CHICKPEAS The downward trend that has characterized the Canadian chickpea market for a few months (-24% for 9mm Kabuli detected in Saskatchewan) has partially been transmitted to national prices. The first prices of the campaign, on the Foggia Chamber of Commerce price list, mark for the 7mm, 8mm and 9mm Kabuli calibers respectively -10%, -14% and -13% compared to the last detection of the old harvest. According to Areté analyses, the declines are partly attributable to a global market that is more supplied compared to the previous campaign, but also to an increase in national production; +25% according to ISTAT. BUTTER Areté analyses, based on data from the EU Commission, show that, in the first six months of the year, milk deliveries have only marked a modest increase compared to the same period last year, +0.4%. The increase is still lower than the average growth rate between 2010 and 2020 of 1.2%. Critical issues (in terms of quantity and fat content) are reported in important ...

Source: Agricolae