Italian pasta makers are fearful of a substantial supply squeeze in the coming months after this summer’s durum wheat price shock, as the market runs out of ways to offset a dire harvest in top exporter Canada.
Read the full article on the Reuters website
NAM Implications:
- ‘Adjusting to low stocks will partly come from paying more for durum-based staples and switching to less costly common wheat’
- More importantly, double-digit percentage increases by some manufacturers are going to affect inflation.
- Nielsen says supermarket prices of budget pasta brands, those most dependent on raw material cost, rose nearly 20% year-on-year in France in October…
- …which could augur significant across-the-board increases to come.
