News

Russian durum wheat storming the Italian market

Durum Wheat
Russia
Italy
Market & Price Trends
Published Feb 29, 2024

Tridge summary

Istat data updated up to the end of November 2023 certify a four-digit increase in durum wheat imports from Russia. According to an analysis by the Divulga Study Center on the impact of ongoing wars on the agri-food system, imports from non-EU countries increased by 130% last year. The situation regarding trade with Russia has changed radically since July, with the official start of the new cereal marketing campaign. Out of a total amount of 1.1 million tonnes of durum wheat imported into Italy from third countries, the Turkish product reached 37%, while the Russian one reached a share of 31%.,4%.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Istat data updated up to the end of November 2023 certify a four-digit increase in durum wheat imports from Russia (an anomalous +1,164%), which pushed volumes well beyond the threshold of 400,000 tonnes, compared to just 32,000 recorded in period January-November 2022. According to an analysis by the Divulga Study Center on the impact of ongoing wars on the agri-food system, imports from non-EU countries increased by 130% last year. This growth is driven by the import of durum wheat from Turkey and Russia, which have become the second and third Italian suppliers respectively (the lead remains with Canada), followed by Kazakhstan with an almost tripled volume. The situation regarding trade with Russia, analysts explain, has changed radically since July, with the official start of the new cereal marketing campaign. Out of a total amount of 1.1 million tonnes of durum wheat imported into Italy from third countries (81% of the European total), the Turkish product reached 37%, while ...
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