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Italy Braces for Pasta Inflation Amid Soaring Durum Wheat Prices

68 pointsby montalbanoover 3 years ago

8 comments

neonateover 3 years ago
<a href="https:&#x2F;&#x2F;archive.md&#x2F;qKrdY" rel="nofollow">https:&#x2F;&#x2F;archive.md&#x2F;qKrdY</a>
giuliomagnificoover 3 years ago
Italian here. I don’t see this price increase at the moment. Anyway going from 2-3€&#x2F;kg to 2,3-3,6€&#x2F;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.
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beebeepkaover 3 years ago
And just in time for the annual spaghetti harvest<p><a href="https:&#x2F;&#x2F;youtube.com&#x2F;watch?v=tVo_wkxH9dU" rel="nofollow">https:&#x2F;&#x2F;youtube.com&#x2F;watch?v=tVo_wkxH9dU</a><p>Seriously though, every single thing has been going up in price lately. The inflation is real. Over 50% here, another 50% there and there went our savings
ccosmover 3 years ago
Is there a reason why every price increase is referred to as &quot;inflation&quot; these days? I thought inflation had more to do with debasement of a currency than price fluctuations due to supply and demand, with the key functional distinction being that the former can be hard to reverse while the latter can self-correct given time (e.g. the lumber price increase we saw this summer).
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taneqover 3 years ago
&gt; According to Ferro, big pasta producers are already rushing to stock grain, which can be stored for up to two years.<p>So how much of this price rise is genuine demand and how much is a panicky market bulk buying in response to a perceived future shortage? Sounds like we might have a bit of a toilet paper situation here.
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retrac98over 3 years ago
Seems the real story here is climate change significantly increasing the price of a staple food.<p>“Pasta is cheap anyway” is such a privileged point of view.
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gdubsover 3 years ago
Sort of misleading to use the word “inflation” when this seems to be primarily driven by climate related factors:<p><a href="https:&#x2F;&#x2F;www.bakeryandsnacks.com&#x2F;Article&#x2F;2021&#x2F;09&#x2F;10&#x2F;Out-of-control-durum-wheat-market-expected-to-cause-pasta-shortage" rel="nofollow">https:&#x2F;&#x2F;www.bakeryandsnacks.com&#x2F;Article&#x2F;2021&#x2F;09&#x2F;10&#x2F;Out-of-co...</a>
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derbOacover 3 years ago
So... as a pasta-loving American, wouldn&#x27;t this affect us as well? I understand markets can be different but they&#x27;re talking about Canadian wheat exports, not Italian domestic production.
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