Italian White Truffle Prices for December 17

Following is a summary of Italian white truffle prices for the week of Dec. 17 in Euros per 100 grams according to the Trade Agriculture and Craft Chamber in Asti, Italy:

==============================================================================
              Dec.  Dec.  Dec.  Nov.  Nov.  Nov.  Oct.  Oct.  Oct.  Oct.  Dec.
                17    10     3    19    12     5    29    22    16     8    18
              2014  2014  2014  2014  2014  2014  2014  2014  2014  2014  2013
==============================================================================
               ------------------- Wholesale Prices (Euro) -------------------
 Small to medium
  Minimum       50    50    50    70    60    50    50    70    50    50    40
  Maximum      100   100    80    90    90    80    80   100    90    80    70
 Medium to big
  Minimum      100   100    80    90    90    80    80   100    90    80    70
  Maximum      130   130   110   150   150   140   140   170   140   130   110


==============================================================================
              Dec.  Dec.  Dec.  Nov.  Nov.  Nov.  Oct.  Oct.  Oct.  Oct.  Dec.
                17    10     3    19    12     5    29    22    16     8    18
              2014  2014  2014  2014  2014  2014  2014  2014  2014  2014  2013
==============================================================================
               ------------------ Wholesale Prices (YoY%) --------------------
 Small to medium
  Minimum      25%   25%  -29%   n/a  -25%  -38%  -38%  -13%  -38%  -38%  -60%
  Maximum      43%   43%  -27%   n/a  -36%  -43%  -43%  -29%  -40%  -33%  -59%
 Medium to big
  Minimum      43%   43%  -27%   n/a  -36%  -43%  -43%  -29%  -40%  -33%  -59%
  Maximum      18%   18%  -27%   n/a  -12%  -18%  -22%   -6%  -36%  -24%  -65%
               ------------------ Wholesale Prices (WoW%) --------------------
 Small to medium
  Minimum       0%    0%  -29%   17%   20%    0%  -29%   40%    0%   n/a    0%
  Maximum       0%   25%  -11%    0%   13%    0%  -20%   11%   13%   n/a    0%
 Medium to big
  Minimum       0%   25%  -11%    0%   13%    0%  -20%   11%   13%   n/a    0%
  Maximum       0%   18%  -27%    0%    7%    0%  -18%   21%    8%   n/a    0%
==============================================================================

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.

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