The Strategist

Italy faces threat of rising pasta prices due to wheat shortages


09/13/2021 - 08:09



Italy is threatened by rising pasta prices due to a drop in durum wheat production. One of the largest pasta producers in the country said that there has never been such a thing in the 110 years of the company's work.



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pixabay
Italians may soon face rising pasta prices due to falling durum wheat production, reports Il Sole 24 Ore newspaper. 

"Our family has been in this business for 110 years, but we've never faced a situation like this," Giuseppe Ferro, CEO of La Molisana, one of Italy's largest pasta producers, said in an interview with Il Sole 24 Ore newspaper. 

Wheat shortages are already affecting production costs and will lead to higher retail prices before Christmas, Ferro said. He added that large pasta producers are rushing to fill their warehouses with grain that has a shelf life of up to two years. However, semolina wheat, which is needed to make pasta, cannot be stored for more than a month, he said. 

Drought and heat in July continued to hit the wheat crop in Canada, the world's largest supplier of durum wheat, Bloomberg noted. The agency adds that earlier a harsh winter hit crops in Russia. 

source: ilsole24ore.com, bloomberg.com




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