Durum wheat shortage to be expected for manufacturers of semolina and pasta in France
Published 2021년 8월 18일
Tridge summary
Key points from the article:
- Durum wheat shortage is expected due to unusual weather conditions, with abundant rains in Europe and a significant drought in Canada.
- Canada, the world's leading durum wheat producer, is experiencing a harvest that is 32% lower than the average of the last five years, leading to a historic price spike for the commodity.
- France, a significant European producer, has seen its durum wheat yield reduced due to excessive rains at the wrong time.
- The situation has led to a drastic increase in the world reference price for durum wheat, prompting pasta and semolina manufacturers to request emergency measures from public authorities and to pass on the increased costs to distributors.
- Durum wheat shortage is expected due to unusual weather conditions, with abundant rains in Europe and a significant drought in Canada.
- Canada, the world's leading durum wheat producer, is experiencing a harvest that is 32% lower than the average of the last five years, leading to a historic price spike for the commodity.
- France, a significant European producer, has seen its durum wheat yield reduced due to excessive rains at the wrong time.
- The situation has led to a drastic increase in the world reference price for durum wheat, prompting pasta and semolina manufacturers to request emergency measures from public authorities and to pass on the increased costs to distributors.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Semolina makers and pasta makers warned on August 16 of an upcoming shortage of durum wheat, linked to the weather. "Far too abundant rains in Europe and an unprecedented drought in Canada lead to a shortage of durum wheat" as well as a "historic spike in world prices", according to a statement from the Sifpaf (pasta makers) and CFSI (semolina). Canada, the leading producer of durum wheat in which it represents two-thirds of world trade, has "a harvest (...) of less than 4.2 Mt, 32% less than the average of the last five years". "With a historically low stock, it will not be possible to supply the world market" from the reserves. To this is added "an insufficient harvest in Europe with 7.3 Mt for a need of 9.5 Mt", say the manufacturers, explaining that the excessive rains in France at flowering and harvest "greatly reduce the usable potential of French durum wheat for making ...
Source: Agpb
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