Since 2019, the industrialist has been sourcing only French cereals and is working to secure the future.
Soon, a 1 euro coin will no longer suffice for the purchase of 500 grams of Panzani pasta shells. “We are considering a price increase in the coming months, probably around 10% after the 15% already recorded in 2021”, admits Albert Mathieu, the CEO of the French industrialist, owned by the CVC Capital Partners fund. Thus, the package of 1 kg of spaghetti could come close to 2 euros at Carrefour, against 1.79 euros today.
The world price of durum wheat, necessary for the preparation of pasta and semolina, is reaching peaks due, in particular, to the war raging between Russia and Ukraine, two countries which provide 30% of world wheat exports. . While the UN fears “a hurricane of famine” in poor countries, the shortage will spare Panzani, which, since 2019, has been sourcing exclusively French durum wheat.
Read alsoSoaring wheat prices benefit French cereal producers
This is how it supplies its five semolina factories and dry dough factories in Provence and in the Hauts-de-Seine. On the strength of this purchasing policy, the manufacturer…
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