Italian Parmigiano Producers Face Price Crisis

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Parmigiano Reggiano

Parmigiano Reggiano

In view of the financial crisis affecting the world’s economy, Italy is faced with a crisis of its own. The Parmesan cheese (Parmigiano Reggiano) producers are extremely discontent about the ever higher production costs and the ever falling prices.

They have decided to appeal to the government for help and they ask for higher selling prices for their products, as according to them, are much lower than the fabrication costs.

Parmigiano Reggiano is considered one of Italy’s national symbols and is therefore of great importance to all, including the Government. With that in mind and also thinking about the number of jobs that would be lost, the Italian Prime Minister, Silvio Berlusconi, has initiated a series of discussions with the producers.

Market studies show that Italy produces an 11% more parmesan than eight years ago, and that happens despite the fact that the Italian populations consumes less.

Due to the abundance of producing companies, the supermarket chains can now purchase whole sale parmigiano on much lower prices than before. This is one of the reasons for which the producers ask for the prices per kilogram go from 7-7.5 euros to at least 8 -8.5 euros.

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Posted under Business, International

This post was written by Dana Ciucalau on October 15, 2008

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