Zaia and soaring food prices: “It’s just speculation, here’s the proof”

The President of Veneto publishes a study of Venetian agriculture: “Maize costs 40% more on the Commodity Exchange ‘because of the war in Ukraine’, but Italy only imports 4% of its needs of Ukraine and Russia »

VENICE. Shortage of products or simple speculation on food? The president of the regional council, Luca Zaia, has no doubts and launches a “torpedo” on import-export companies and wholesalers. The example is corn and wheat.

“An analysis carried out by the Veneto Region shows that, given the small size of our agri-food import-export with Russia and Ukraine, there is currently no lack of product. What worries me more is the evolution of prices, the only child of speculation: as soon as the conflict broke out, prices on the Bologna stock exchange showed that corn cost 40% more, brands common wheat + 24%, sorghum + 24.6% and soybean + 17%”.

“International authorities, who should regulate the efficiency of the markets on which local prices depend, why don’t they intervene to stop what is obviously only speculation?”

Thus Luca Zaia, comments on an analysis carried out by Veneto Agricoltura on the evolution of production and prices in the first months of 2022.

At the Italian level, the total imports of the two belligerent countries do not reach 4% of the value, while exports do not exceed 2% of the total. For Veneto, the percentages are further reduced, given that the agri-food imports of the two countries represent only 0.3% of the total value of imports (2020 data).

However, for certain products the share of imports reaches considerable levels: this is the case of linseed, of which our Region imports a share of 58% of the total from Russia, sorghum (25.4%) and sunflower (8.3%). Ukrainians.

“Fortunately, if there is no food alarm at the moment, there is a price alarm,” President Zaia said. “The tensions in the world markets of the main agricultural products are also felt at Italian level, with an increase in tariffs and consequently an increase in supply costs, whether they occur with national products or with those of other country”.

“Adding these price increases to those already recorded last year – concludes Zaia – it is easy to foresee new difficulties for dairy and meat farms. If we add to these increases in energy costs, which are already affecting the greenhouse production of vegetables and flowers, it is clear that the future is not rosy. I’ve been saying it for weeks and I’ll say it again: the priorities of NRRR and CAP in Europe must be reviewed, and those who have suffered production stoppages or declines in turnover must be helped with refreshments. Without food and energy sovereignty, the recovery is in jeopardy”.

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