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Italy: For durum wheat, the descent does not stop, reductions also for soft wheat

Durum Wheat
Published Mar 25, 2023

Tridge summary

The maintenance of the Black Sea corridor calms the markets. On the national and international markets, the prices of soft wheat maize are also decreasing, demand increasingly cautious. Italy Abrupt realignment of the markets to the evolution of prices, with drops between 10 and 20 euro/ton. The combined effect of increasingly cautious and day-to-day demand, a strengthening euro and more lax European and global markets materialize in a "horribilis" week for producers and holders.

Original content

The maintenance of the Black Sea corridor calms the markets. On national and international markets, the prices of soft wheat maize are also decreasing, demand increasingly cautious. Italy Abrupt realignment of the markets to the evolution of prices, with drops between 10 and 20 euro/ton. The combined effect of increasingly cautious and day-to-day demand, a strengthening euro and more lax European and global markets materialize in a "horribilis" week for producers and holders. Product supply exceeds requests and also the "mixed" now find adequate availability in a commercial context that is still evolving. The new crop is in good agronomic conditions, but it is too early to guarantee yields/ha and quality given the climatic uncertainty. The "Bologna-type" wheat arriving North drops below 345 €/t, with bread-making products above 320 €/t and "mixed" products close to 280 €/t; Community "basic" and strong products down by 10 €/t, North American "spring" -15 €/t t. Europe The Swiss ...
Source: Terraevita
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