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Thursday, November 13, 2008

The trouble with truffles

A TruffleBad news for truffle dogs everywhere: According to Bloomberg.com, truffle prices have collapsed.

An 850 gram white truffle from northern Italy sold for €24,000 ($30,900) at an auction in Japan earlier this week. That may seem like a lot, but it’s 84 percent less than the $330,000 a 1.5 kilogram specimen, discovered by an Italian dog named Rocco, fetched last year. In other words, giant white truffles are only $16,490 per pound this year, down from $100,000 per pound just one year ago.

Unfortunately, the price drop also greatly reduced the amount raised for charity by the auction, which netted a little more than $148,000 this year. A similar auction last year raised $453,000.
J. Silverheels Gray, 12:47 PM

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