Turkey's durum wheat exports prevent price hikes for pasta makers and consumers, filling a supply gap from Canada's drought.

Turkey's durum wheat exports have saved pasta makers and consumers from price hikes, becoming a crucial source for a Mediterranean ingredient. As the second-largest durum exporter globally, Turkey has filled a supply gap caused by a second drought in three years in top supplier Canada, preventing a price surge. Durum stocks are still projected to reach a 30-year low this season, but Turkish shipments have averted an immediate shortfall and kept prices in line with easing world grain costs.

March 28, 2024
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