News

Durum wheat prices are stabilized in Italy

Durum Wheat
Wheat
Italy
Published Sep 22, 2022

Tridge summary

In our market we do not yet have the freshest of the durum wheat export piece as Italian buyers are more fixated on the ever cheaper offers from Canada.

Original content

At the same time, in the interior, the large local mills are buying without, however, chasing the wheat. Producer prices in Thessaly range at 38 cents per kilo, levels that farmers are reluctant to face. In durum wheat, the prices in the new Foggia list decreased a little more, by 2.5 euros per ton. Specifically, for quality wheat with a specific weight of 78 kg/hl, vitreous 70% and protein 12%, the merchant warehouse price is negotiated at 477.5-482.5 euros per ton. Also, for the second quality with a specific weight of 76 kg/hl, vitreous 60% and protein 11.5%, the merchant warehouse price ranges from 467.5-470.5 euros per ton. In France, prices have stabilized at the level of 430 euros per ton, and given the aggressive sales policy by the Canadians, it will be difficult to note any price recovery in the medium term. In the Chicago stock exchange, finally, we have a mild upward trend for soft wheat. The recent report of the US Department of Agriculture USDA on global grain supply ...
Source: GRAgronews
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