Italian White Truffle Prices for November 21

Following is a summary of Italian white truffle prices for the week of Nov. 21 in Euros per 100 grams according to the Trade Agriculture and Craft Chamber in Asti, Italy:

==============================================================================
              Nov.  Oct.  Oct.  Dec.  Dec.  Dec.  Nov.  Nov.  Nov.  Nov.  Oct.
                21    30    16    19    12     5    28    21    14     7    17
              2013  2013  2013  2012  2012  2012  2012  2012  2012  2012  2012
==============================================================================
               ------------------- Wholesale Prices (Euro) -------------------
 Small to medium
  Minimum       80    80    80   100   100   100   100   100   110   150   110
  Maximum      140   150   120   170   170   170   170   170   220   220   200
 Medium to big
  Minimum      140   150   120   170   170   170   170   170   230   230   210
  Maximum      170   220   170   250   310   310   310   300   290   290   300
               ------------------ Wholesale Prices (YoY%) --------------------
 Small to medium
==============================================================================
              Nov.  Oct.  Oct.  Dec.  Dec.  Dec.  Nov.  Nov.  Nov.  Nov.  Oct.
                21    30    16    19    12     5    28    21    14     7    17
              2013  2013  2013  2012  2012  2012  2012  2012  2012  2012  2012
==============================================================================
  Minimum     -60%  -27%   33%  -44%  -29%   -9%   25%  -23%  -15%   15%   43%
  Maximum     -50%  -25%  -20%  -26%   -6%    6%   55%   -6%   22%   22%   47%
 Medium to big
  Minimum     -52%  -29%  -25%  -26%   -6%    6%   55%   -6%   28%   28%   53%
  Maximum     -58%  -27%  -32%   -7%   35%   41%   72%   30%   26%   26%   67%
               ------------------ Wholesale Prices (WoW%) --------------------
 Small to medium
  Minimum       0%    0%   n/a    0%    0%    0%    0%   -9%  -27%  -25%   82%
  Maximum      -7%   25%   n/a    0%    0%    0%    0%  -23%    0%  -21%   40%
 Medium to big
  Minimum      -7%   25%   n/a    0%    0%    0%    0%  -26%    0%  -21%   38%
  Maximum     -23%   29%   n/a  -19%    0%    0%    3%    3%    0%  -28%   33%
==============================================================================

NOTE: Prices refers to the white truffle of Piedmont or the "tuber magnatum pico". Wholesale prices are prices paid to the truffle searcher. Trade gains are computed as the difference between the consumer and wholesale prices.

The Asti truffle market opens each Wednesday morning during the truffle searching season. After the market closes, the chairman of the "Associazione Trifulau" of Asti announces the reference quotations for the week to the Agriculture and Craft Chamber of Asti.

Year on year percent changes are calculated by Bloomberg News comparing the weeks that are in the same order rank in the truffle season.

Week on week percent changes are calculated by Bloomberg News between weeks with available price quotations, also when these are not consecutive.

(*) Because of problems in the fiscal treatment of sales among individuals and companies in Italy and aboard, beginning 2012 December 5 the Chamber of Commerce of Asti ceased to release the consumer prices.

SOURCE: Agriculture and Craft Chamber of Asti, Italy.

To contact the reporter on this story: Giovanni Salzano in Rome at gsalzano@bloomberg.net

To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net

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