In 2023, the value of durum wheat subsidies in Italy was projected to be approximately slightly above 79 million euros. As per forecasts, there is a steady but minimal upward trend in subsidies from 2024 to 2028, with each year observing a slight increase in subsidy value. The year-on-year increase is marginal, maintaining an average annual growth rate of slightly over 0.1% as a compound annual growth rate (CAGR) over the forecasted period.
Future trends to watch for:
- Potential policy changes in the European Union's agricultural support that could affect subsidy levels.
- Impacts of climate change on durum wheat production and subsequent subsidy adjustments.
- Market demand shifts for durum wheat driven by global pasta consumption.