Earlier quoted context omitted.
No I meant Tunisia, which is quite close to Italy.
Oh okay but is not Europe =]
I'm not sure, but I don't think I mentioned it's in Europe. Just across the Italy.
Italy Braces for Pasta Inflation Amid Soaring Durum Wheat Prices
11–20 of 72 posts
Re: Italy Braces for Pasta Inflation Amid Soaring Durum Wheat Prices
#12Italian here. I don’t see this price increase at the moment. Anyway going from 2-3€/kg to 2,3-3,6€/kg wouldn’t make big difference. Pasta is already very cheap. Instead I see the inflation rising in the fruit and vegetables prices! There’s a 25-30% increases since the beginning of the 2021.
> Anyway going from 2-3€/kg to 2,3-3,6€/kg wouldn’t make big difference. The article shows that durum wheat prices have increased by more than 50%. So assuming that the dominant factor in the price of pasta is the price of wheat, the price rise would be more like going from 2-3€/kg to 3-4.5€/kg
I don't think, because italy produces 70% of its durum wheat, so the price will be influenced but not totally dependent from it.
Re: Italy Braces for Pasta Inflation Amid Soaring Durum Wheat Prices
#13So... as a pasta-loving American, wouldn't this affect us as well? I understand markets can be different but they're talking about Canadian wheat exports, not Italian domestic production.
Re: Italy Braces for Pasta Inflation Amid Soaring Durum Wheat Prices
#14Earlier quoted context omitted.
> Anyway going from 2-3€/kg to 2,3-3,6€/kg wouldn’t make big difference. The article shows that durum wheat prices have increased by more than 50%. So assuming that the dominant factor in the price of pasta is the price of wheat, the price rise would be more like going from 2-3€/kg to 3-4.5€/kg
I don't think, because italy produces 70% of its durum wheat, so the price will be influenced but not totally dependent from it.
The price chart in the article showing the +50% rise is labeled "IT durum wheat DELFIRST". I believe the "IT" stands for "Italy", so this is already showing the effect on the Italian market.
Re: Italy Braces for Pasta Inflation Amid Soaring Durum Wheat Prices
#15So... as a pasta-loving American, wouldn't this affect us as well? I understand markets can be different but they're talking about Canadian wheat exports, not Italian domestic production.
There are news sites dedicated to agricultural news that have articles about US wheat production, which includes durum. The forecasts don't look positive.
https://agfax.com/2021/07/23/wheat-drought-threatens-product...
https://ndwheat.com/growers/progress/dakotagoldnewsletter/WM...
Re: Italy Braces for Pasta Inflation Amid Soaring Durum Wheat Prices
#16Earlier quoted context omitted.
> The shortage is already having an impact on production costs and will lead to retail price increases before Christmas Article suggests pasta price increase may kick in over the next few months.
Yes I read, I wanted to say that anyway pasta is quite cheap, so you can’t feel the difference like on the petrol/diesel price in example. We already have a lot of prices increase from coffee (from 0,9€ to 1,2€) to a glass of wine (from 1€ to 1,20/30€), and a lot of other Italian typical foods that are hurting us. Anyway the price of pasta can be already different in Italy, south is cheaper. I hope this would not com…
I don't have historic data, but I feel like there is more of a range than there used to be, where I am in the northeastern US.
At a popular grocery chain, the store brand of pasta is 1,9€/kg, which is the price I'm mentally anchored to ($1/lb).
But Barilla is the equivalent of 3,3€/kg, and that's what I generally buy.
Then there are the specialty or organic brands touted as "premium" or made with "bronze dies" that are like 6€/kg.
I am surprised if it is possible to generalize like you do for coffee and wine. I am used to there being a huge range of prices for any staple.
A thing I am noticing more and more is that the larger containers often have higher unit pricing.
Re: Italy Braces for Pasta Inflation Amid Soaring Durum Wheat Prices
#17Earlier quoted context omitted.
Yes I read, I wanted to say that anyway pasta is quite cheap, so you can’t feel the difference like on the petrol/diesel price in example. We already have a lot of prices increase from coffee (from 0,9€ to 1,2€) to a glass of wine (from 1€ to 1,20/30€), and a lot of other Italian typical foods that are hurting us. Anyway the price of pasta can be already different in Italy, south is cheaper. I hope this would not com…
I don't have historic data, but I feel like there is more of a range than there used to be, where I am in the northeastern US. At a popular grocery chain, the store brand of pasta is 1,9€/kg, which is the price I'm mentally anchored to ($1/lb). But Barilla is the equivalent of 3,3€/kg, and that's what I generally buy. Then there are the specialty or organic brands touted as "premium" or made with "bronze dies" that a…
I don’t understand what is your “surprise”, anyway yes here in Italy the pasta is cheaper, but if the price will rise, it should be about 0,20-0,40€/kg. There’re a lot of articles about this also in Italy, in example:
"I know that Lidl has already increased the price of pasta by 10 cents - he adds - and I expect that well before Christmas everyone will expect increases between 15 and 20 cents per package".
https://www.leggo.it/alimentazione/news/pasta_allarme_grano_...
So, it will be noticeable but not impossible to handle, there’re a lot of prices increase in 2021, as I said, pasta is the one we (Italian) care less fortunately because it’s a small increase.
Re: Italy Braces for Pasta Inflation Amid Soaring Durum Wheat Prices
#18Earlier quoted context omitted.
I don't think, because italy produces 70% of its durum wheat, so the price will be influenced but not totally dependent from it.
The price chart in the article showing the +50% rise is labeled "IT durum wheat DELFIRST". I believe the "IT" stands for "Italy", so this is already showing the effect on the Italian market.
Yes but for the imported durum wheat, that it doesn’t mean it used for Italian pasta, at least not all the pastas because on Italian brands are usi no their own fields for the durum wheat, it isn’t an importer one.
Probably the imported durum wheat is used for other things, like farina or fodder.
I’m not saying that it will not happen a price increase, a lot of people are saying it also in Italy, but a lot less than the +50%, surely.
Here’s an interview with the CEO of an Italian pasta maker (La Molisiana):
"I know that Lidl has already increased the price of pasta by 10 cents - he adds - and I expect that well before Christmas everyone will expect increases between 15 and 20 cents per package".
Translate it: https://www.leggo.it/alimentazione/news/pasta_allarme_grano_...
Re: Italy Braces for Pasta Inflation Amid Soaring Durum Wheat Prices
#19Earlier quoted context omitted.
I don't have historic data, but I feel like there is more of a range than there used to be, where I am in the northeastern US. At a popular grocery chain, the store brand of pasta is 1,9€/kg, which is the price I'm mentally anchored to ($1/lb). But Barilla is the equivalent of 3,3€/kg, and that's what I generally buy. Then there are the specialty or organic brands touted as "premium" or made with "bronze dies" that a…
I don’t understand what is your “surprise”, anyway yes here in Italy the pasta is cheaper, but if the price will rise, it should be about 0,20-0,40€/kg. There’re a lot of articles about this also in Italy, in example: "I know that Lidl has already increased the price of pasta by 10 cents - he adds - and I expect that well before Christmas everyone will expect increases between 15 and 20 cents per package". https://ww…
>I don’t understand what is your “surprise”
As I said, pasta ranges in price very widely here.
So do coffee and wine.
So I do not know what it means when somebody says coffee costs and wine costs . How can it be so standardized?
Re: Italy Braces for Pasta Inflation Amid Soaring Durum Wheat Prices
#20Earlier quoted context omitted.
Wow. Just a few Kms across the Mediterranean, Pasta sells for around 0.29€/kg. Also, this is the "favorite?" food for people who have tight incomes, so they might be very sensitive to these changes. > Instead I see the inflation rising in the fruit and vegetables prices! There’s a 25-30% increases since the beginning of the 2021. It's only a matter of time it spreads to the rest of the basket. I guess the pro-MMT fol…
Based on the article, it seems that the rise in grain price is closely linked to difficult weather conditions across key grain farming areas. Do you have any data to suggest that modern monetary theory is a more important factor here? Edit: maybe that's not what you're suggesting, anyway, still curious.
In the EU it seems weather and leaving more land uncultivated. So in some ways a planned price increase by lowering production.
https://www.world-grain.com/articles/13660-usda-eu-grain-out...