Gas Week

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Spaghetti spike: Cost of 1kg of durum flour, used to make pasta, risen in last two months from $A0.43 to $A0.75 result of increasing demand for biofuels

Posted by gasweek on 26 September, 2007

According to Colleen Barry, Italians will soon be paying up to 20 per cent more for their daily serving of pasta, be it fettuccine, linguine or spaghetti, reported The Canberra Times (15/9/2007, p. 21).

On the Bologna market, the cost of 1kg of durum flour, used to make pasta, had risen in just the last two months from 0.26 euros ($A0.43) to $A0.75, Bragagnolo said. In the Italian supermarket, that would translate by the end of the year into an increase of $A0.20 – $A0.23 on a 500g package, which now typically cost from $A0.99 to $A1.49, he s

Gap must be reduced between production and consumption: The one-day strike on 13 September was not against eating it, but against buying it. A leader of Italian farm lobby Coldiretti, Toni De Amicis, said during the protest in Rome, “Prices increase by five times between production and consumption”. “The right recipe is to reduce the gap between production and consumption.”

Wheat stocks worldwide depleted to their lowest levels in decades: Economist at Milan’s Bocconi University , Francesco Bertolini said the demand for wheat was the result of several trends, chiefly an increasing demand for biofuels, which can be made from wheat, and improved diets in emerging countries where putting more meat on the table is raising the demand for feed for livestock. As a result, wheat stocks worldwide were being depleted to their lowest levels in decades and grain prices were soaring.

“There is no dish that costs less”: Italy produces only about half of the high-protein durum wheat used to make high-quality pasta and bread; the rest is imported from overseas markets including the United States, Canada and Ukraine. Still, even with the projected increases, the vice-president of the Italian pasta manufacturers’ association, Furio Bragagnolo, said “there is no dish that costs less”. “Whoever decides to strike against pasta will spend more on whatever they buy instead. A plate of pasta probably costs less than an apple.”
aid.

The Canberra Times, 15/9/2007, p. 21

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