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Parmigiano Reggiano: Prices and Production
The graph provides the comparison between: and its prices with regard exclusively to two types: one aged for 12-15 months and the other aged for 24 months. To note that the constant gap between the two trend prices referring to the two types of cheeses seems to be firm: when production increases, the cheese aged for 12 months and over is the first being affected by a reduction in price.

Furthermore, the trend price of both types shows a slight decrease mainly due to the following:
  • production increase
  • domestic demand;
  • export;
  • the new entry on the domestic and international markets of counterfeits or similar products at low prices.
The longer the aging period is, the higher is the quality of Parmigiano Reggiano cheese, however that means also significant cost increase. As a consequence, consumer's prices rank at the top value in respect to others common cheeses and for that reason it is not easy to keep them at high level.
The graphs below displays the Evolution in % of the monthly Parmigiano Reggiano Production.
Parmigiano Reggiano (12-15 months)
Wholesale price * (€/kg)
Month 2015 2016 2017 ± on prev.
month. 		± % from
2016
January 7,52 7,87 9,61 +3,71% +22,11%
February 7,55 8,04 9,63 +0,20% +19,71%
March 7,55 8,20 9,63 0,00% +17,38%
April 7,55 8,20 9,58 -0,52% +16,77%
May 7,55 8,20 9,48 -1,04% +15,55%
June 7,55 8,15 9,50 +0,26% +16,56%
July 7,54 8,18 9,58 +0,79% +17,13%
August 7,45 8,28  
September 7,45 8,36  
October 7,45 8,54  
November 7,47 8,80  
December 7,65 9,26  
Average 7,52 8,34 9,57
Change¹ % -7,99% +10,85% +14,75%
Last Update: 2017-07-10
1) change from previous year
*: Aging 12-15 months
Source: Milan Chamber of Commerce
 
Parmigiano Reggiano (24 months)
Wholesale price * (€/kg)
Month 2015 2016 2017 ± on prev.
month. 		± % from
2016
January 9,49 9,74 11,05 +2,08% +13,43%
February 9,53 9,84 11,11 +0,57% +12,99%
March 9,53 9,93 11,13 +0,11% +12,09%
April 9,53 9,93 11,11 -0,11% +11,96%
May 9,53 9,93 11,15 +0,34% +12,34%
June 9,53 9,88 11,30 +1,35% +14,43%
July 9,50 9,90 11,38 +0,66% +14,90%
August 9,38 10,00  
September 9,38 10,09  
October 9,38 10,26  
November 9,40 10,50  
December 9,55 10,83  
Average 9,47 10,07 11,18
Change¹ % -7,10% +6,26% +11,01%
Last Update: 2017-07-10
1) change from previous year
*: Aging up 24 months
Source: Milan Chamber of Commerce
Production of Parmigiano Reggiano
Number of wheels  
Month 2015 2016 2017 ± % vs prev.
month** 		± % on
2016 		± % on
2015
January 282.141 297.493 307.641 +3,43% +3,41% +9,04%
February 259.834 288.521 289.230 +4,09% +0,25% +11,31%
March 294.974 312.756 328.991 +2,74% +5,19% +11,53%
April 288.204 303.498 320.158 +0,56% +5,49% +11,09%
May 296.787 302.761 322.965 -2,38% +6,67% +8,82%
June 279.919 281.821 297.888 -4,69% +5,70% +6,42%
July 264.789 280.040
August 262.551 279.184
September 253.965 266.618
October 266.599 281.318
November 265.966 278.414
December 286.924 297.441
Jan-Jun 1.701.859 1.786.850 1.866.873
% previous ¹ -0,68% +4,99% +4,48%
Total Year 3.302.653 3.469.865
% previous +0,15% +5,06%
Last Update: 2017-07-11
1) change from the same period of previous year
**: Adjusted for months of 30 days (Ex. The calculation of the production change of June compared to May is obtained by considering [June production] compared to [May production : 31 x 30])
Source: CRPA - Research Centre on Animal Production from Reggio Emilia - Italy