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Heavy rains in the Tanaro river basin in Piedmont, northwest Italy, have led to a bumper harvest of Alba white truffles this year, according to Bloomberg. Alba truffles are the most highly sought-after of all truffles and are considered the "diamond of the culinary world".
The harvesting season usually runs from November to January, but the rainfall has meant an early start, with the first crop hitting the shelves as early as September. Prices are down by 30% on last year, with €100 buying 72 grammes of the much-prized fungus, compared with 52 grammes in 2015, as the chart on the right shows.
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Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
