"Noodles on the ears": spaghetti rises in price due to … global warming

There’s a big rise in spaghetti prices coming. In 2021 alone, pasta prices went up by 9%.

Spaghetti is in danger of becoming a “victim” of the global rise in prices, a dish that has already begun to “experience” the consequences of the climate crisis.

A new wave of rising prices for basic consumer goods, except for milk, cheese, butter, meat, etc., which make up the average consumer basket, hit pasta mercilessly, and not only on the Greek market.

The CEO of Divella, Italy’s second largest pasta producer, warned of a 38% increase in wholesale pasta prices due to rising raw material and energy costs.

In the Greek market, pasta prices rose by 9% in the 12 months of last year (in consumer price terms based on data from the Hellenic Statistical Office), and this year the price is expected to be even higher.

And not only because of rising energy prices (energy costs for food production), but also due to the fact that the stocks of cheaper raw materials and packaging materials that were stockpiled by the industry have run out.

Increase from 4% to 30%

Already in invoices sent by suppliers to retailers, the cost increased from 4% to 18%. However, for some products, the increase in prices exceeds 30%. While some foodstuffs have not yet risen in price, a second wave of price increases is expected in the near future.

It is characteristic that on November 9, 2021, a pack of spaghetti No. 6 (500 g, a popular product offered for sale in supermarkets) cost 0.87 euros (this is the average price based on data published by the e-consumer electronic platform), and on January 11, 2021 The price of the same product rose to 0.96 euros. As you can see, there was an increase of more than 10%.

Price rally

Although Sklavenitis’s warning at the government meeting in Megaro Maximou that “in January-February we will see spaghetti 40% more expensive than today” is not confirmed, everyone admits that costs are constantly rising, and that, despite efforts to promotions, the rise in price will hit the pocket of the consumer.

The upcoming price increase is not an extreme forecast. According to a recent interview with Vincenzo Divella, CEO of the Puglia group of the same name in neighboring Italy, large retailers were buying a kilogram of spaghetti at 1.10 euros in September 2021, and today their price has risen to 1.40 euros and should reach 1.52 euros in 2021 year, towards the end of January. That is, the increase will be 38%.

The price of wheat on the Foggia Stock Exchange has risen 90% since June 2021, and semolina makes up 60% of the total value of pasta production, Divella said. This was followed by growth in packaging materials (+25%), gas (+300%) and electricity.

The price of wheat rose as crops in Canada and the United States, the world’s largest producers, fell by 50%.

Divella explained that the Italian pasta industry was forced to buy imported wheat at higher prices as domestic production fell 20-30% compared to demand.

Spaghetti rises and falls in price due to the climate crisis

Among the commodities already affected by extreme weather events linked to climate change is durum wheat, which is needed to produce most of the world’s pasta, according to a Chatham House report published a few months ago. The 50% increase in the price of a package of spaghetti, projected around the world as a result of the troubled global wheat crop, is a wake-up call for the effects of rising temperatures that could literally deprive us of food.

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