Al dente menu prices drivers#

increased demand for domestic wheat, whose production (of 3.85 million tons) is not sufficient to meet the demand of the Italian industry, thus leading to the historical need to import international durum wheat (about 40% of the cereal needed for domestic production).Llow level of international durum wheat stocks in early 2021, following record consumption in the pandemic year.substantially stable EU production: 7.8 Mton (2021) vs 7.7 Mton (2020) – ( IGC-Italmopa estimates).The data updated in November further downgrade Canadian production: Canada 2.654 Mton (2021 -59.6% compared to 2020 volumes) vs 6.5 Mton (2020) USA 0.9 Mton (2021) vs 1.8 Mton (2020) – ( IGC-Italmopa estimates) This happened in the middle of the vegetative phase of durum wheat, with very strong repercussions on yields. real production downturns in exporting countries such as Canada and the United States, where cultivable areas were affected by particularly adverse weather conditions due to anomalous drought and temperatures far above average.

Since July, prices have been subject to very strong inflationary pressures increasing up to +65% for the international product, which exceeded 550 €/tonne (source Italmopa Set 2021), and +100% for the national product, which reached 540 €/tonne,” says Aquilano.Īccording to Aquilano, the reasons for prices increase in 2021 can be attributed to drivers that involved:

Durum wheat prices have continued to fluctuate steadily upwards since July 2021, despite the high levels that already characterized 2020 compared to historical averages in recent years. “ The international and Italian durum wheat markets have been in turmoil for over 12 months.

Al dente menu prices drivers#