Italy: Descent on livestock raw materials continues

Italy

Published Jun 14, 2022

Tridge summary

However, current prices remain very high compared to a year ago and the uncertainties deriving from the Russian-Ukrainian conflict still slow down. The prices of raw materials used in animal feed traded on the Italian market are still slowing down. The lack of liveliness of trade and the improvement in expectations for the next harvests, especially for soft wheat, weighed on the further decline in prices, thanks to the arrival of rainfall.

Original content

However, current prices remain very high compared to a year ago and the uncertainties arising from the Russian-Ukrainian conflict still weigh. The prices of raw materials used in animal feed traded on the Italian market are still slowing down. The lack of liveliness of trade and the improvement in expectations for the next harvests, especially for soft wheat, weighed on the further decline in prices, thanks to the arrival of rainfall. In the background, however, the uncertainties linked to the conflict between Russia and Ukraine remain, with an agreement not yet reached for the unblocking of Ukrainian wheat. Despite the partial recovery phase, current prices remain high, with double-digit increases compared to a year ago. Soft wheat falls again Among fodder cereals, further retreat for soft wheat, with the price that drops € 9 / t compared to the previous week, returning below the threshold of € 400 / t (ex-works) on the Bologna market, while maintaining growth compared to the ...

Source: Terraevita