Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Italy’s Grain-Import Bill Falls 18% in First Half on Wheat Drop

Don't Miss Out —
Follow us on:

Sept. 13 (Bloomberg) -- Italy’s grain import bill fell 18 percent in the first half as the world’s third-largest wheat buyer purchased smaller quantities of corn, wheat and barley.

Grain imports fell to 1.48 billion euros ($1.91 billion) from January through to June from 1.8 billion euros a year earlier, the Rome-based Associazione Nazionale Cerealisti, known as Anacer, wrote in an e-mailed statement today.

Italy’s wheat imports in the crop year through June fell to 6.83 million metric tons from 7.37 million tons in 2010-11, Bloomberg calculations show. That would make the country the third-biggest importer of the grain after Egypt and Brazil, based on estimates from the U.S. Department of Agriculture.

Soft-wheat imports in January through to June declined to 2.15 million tons with a cost of 493.2 million euros from 2.31 million tons and 606.6 million euros in the first half of 2011, the report showed.

Purchases of durum wheat, the hard variety used to make pasta, fell to 717,222 tons with a cost of 216 million euros, compared with imports of 1 million tons and a durum-wheat bill of 269.3 million euros in the year-earlier period.

Italians on average eat more wheat than people in other countries of Europe or North America, data from the International Maize and Wheat Improvement Center shows.

Corn imports declined to 1.1 million tons in the first half from 1.64 million tons, and the cost fell to 254.1 million euros from 383.1 million euros, according to Anacer. Barley shipments fell to 284,396 tons from 460,864 tons, with a value of 61.2 million euros from 103.3 million tons previously.

Including oilseed and protein-crop products, spending on imports fell to 2.24 billion euros from 2.58 billion euros.

Italy’s cereal-industry exports amounted to 1.41 billion euros in the January-June period, compared with 1.44 billion euros in the first half of 2011, Anacer reported. The country’s grain-trade deficit shrunk to 830.6 million euros from the year-earlier shortfall of 1.14 billion euros.

To contact the reporter on this story: Rudy Ruitenberg in Paris at rruitenberg@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.