Durum prices might strengthen in the new year, but the rally may come too late to hold acres as producers consider more profitable crops when making next year’s seeding decisions. Jim Peterson, marketing director for the North Dakota Wheat Commission, said 2012 world durum production was 1.3 billion bushels, down slightly from 2011 and down […] Read more
IGC’s forecast a surprise | Pressure remains from Europe’s economic problems and expectation of Canadian exports to U.S.
A bullish global durum outlook should provide a floor for prices that have been plummeting since the calendar flipped over to 2012, says an industry analyst. The International Grains Council is forecasting 35.9 million tonnes of world durum production in 2012-13, down 800,000 tonnes from last year. “Oh wow,” said Jim Peterson, marketing director for […] Read more
If you’ve got a hankering for pasta, this Sunday might be the time to indulge. Oct. 25 is world pasta day, so designated to raise awareness of pasta and its base ingredient, durum wheat. Canada is the world’s biggest producer of durum used in pasta. More than half the durum in the world — four […] Read more