BLOG

Rising durum prices challenge major pasta exporters

15 October 20212 min reading

As hot and dry conditions ravaged durum crops across the Northern Hemisphere, the resultant tight supplies have caused durum prices to surge. This has presented large pasta manufacturers with increased shortages and higher production costs.

Global pasta demand surged during the first half of 2020, as pandemic stay-at-home orders boosted the consumption of pasta products. Global exports of pasta surpassed 5 million tons during 2019/20 trade year and remained strong throughout 2020/21. Tightening supplies of durum wheat, however, has posed additional challenges for the world’s major pasta producers and exporters in the current trade year.

Italy typically dominates the global pasta market. According to the International Pasta Organisation, Italy was the leading pasta producer in 2019 at 3.8 million tons, followed by the United States and Turkey. These countries produce durum wheat, the principal raw ingredient in pasta production. However, given the ballooning demand for pasta, major pasta-producing countries must import additional durum wheat to supplement their domestic supplies.


As hot and dry conditions ravaged durum crops across the Northern Hemisphere, the resultant tight supplies have caused durum prices to surge. This has presented large pasta manufacturers with increased shortages and higher production costs. In Italy, both domestic and imported durum wheat prices have climbed past $400/ton. These prices are approaching record levels reached in 2008.

With extremely high durum prices, pasta prices will likely also rise in 2021/22. Top pasta exporters Turkey, European Union, and China may struggle to price their pasta for export and may see declining shipments. This is especially true for more price-sensitive markets, including Venezuela, Somalia, and Iraq, which may shift to more affordable alternatives such as rice. Other top pasta importers include the United States, United Kingdom, Canada, and Japan. Given the higher per capita income levels in these markets, escalated pasta prices are less likely to erode demand.

Articles in News Category
27 October 20212 min reading

Iran wheat imports surge with tightening domestic supplies

23 January 20203 min reading

Plant scientists identify new strategy to enhance rice grain yield

Rice provides a daily subsistence for about three billion people worldwide and its output must keep...

12 August 20212 min reading

Summit acquires Kansas-based Prairie Horizon

Summit Agricultural Group announces acquisition of Prairie Horizon Agri-Energy and development of N...