Get the latest insights on price movement and trends analysis of Durum Wheat in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Durum Wheat Price Trends for the First Half of 2023
Durum Wheat is a variety of wheat used extensively to make pasta. It is primarily produced and consumed in the European region. During the first half of the year 2023, the Durum Wheat prices observed a low swinging price trends as the prices observed a continuous fall during the said period.
In the Italian Foggia market, the Durum Wheat (Fino) average prices started at around 477.5 Euro/MT in January’23 and depleted to about 337.5 Euro/MT in June with an approximate decline of about 29% within the discussed time frame. In the season of agricultural price hikes, the Durum Wheat prices plunged because the farmers initially retained the supplies in order to garner higher profits, but the impact was the opposite. Even with falling wheat prices, pasta prices rose surprisingly.
According to Procurement Resource, the price trends for Durum Wheat are expected to stabilize within the coming months, given the current pricing fundamentals.
Procurement Resource provides latest prices of Durum Wheat. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Durum Wheat, also known as pasta wheat or macaroni wheat (Triticum durum or Triticum turgidum subsp. durum) is basically a tetraploid species of wheat. It is the hardest of all wheat species. It was produced and developed via artificial selection of the domesticated emmer wheat strains, which were grown in Central Europe and the Near East during the ancient time.
It is known to be the second most cultivated species of wheat after common wheat, although it represents only 5% to 8% share in the global wheat production. It is milled and the endosperm is ground into a fine product called semolina, which is used for premium pastas and breads.
|Product Name||Durum Wheat|
|Synonyms||Pasta wheat, Macaroni wheat, Breads|
|Industrial Uses||Flour, Pasta, Biscuits, Shortcrust Pastry, Thicken Sauces|
|Supplier Database||Bühler Group, Ardent MillsEuropean Flour Millers|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Durum Wheat is cultivated in favourable climatic conditions, followed by its harvesting. It is subject to four processes, that are, cleaning, tempering, milling and purifying, before its commercial use in the industry.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.
Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.
Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.