Italia, the second-largest commodity market in the world, is in the throes of a commodities rout as commodity producers struggle to get their financials in order.
The country is in its worst run of commodity production since the late 1980s, according to data released by the Stockholm International Peace Research Institute.
In February, it recorded its worst monthly monthly drop since the start of the financial crisis in 2008.
The market is reeling after a drop in prices for crude oil and natural gas plunged by nearly 60 percent from a year ago, while prices for commodities such as wheat, corn and rice have declined by nearly 40 percent.
The drop in oil prices has led to a massive drop in production, and commodity producers have also been hit hard by the global economic slowdown.
On the other hand, the number of commodities trading has been increasing.
In fact, the country is the second largest producer of grain and wheat after Italy.
This week, the European Commission published a new statistical data on the price of corn and wheat.