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Parmigiano Reggiano: Prices and Production

On this page, you will find:
  • a graph that shows the average monthly prices of the veined Italian blue Parmigiano Reggiano cheese, aged for 12 months and over, aged for 18 months and aged for 24 months, quoted weekly at the Metropolitana Milano MonzaBrianza Lodi Chamber of Commerce;
  • a chart representing the evolution, month by month, of 's production;
  • a graph shows the comparison between the 24-month aged Parmigiano Reggiano Cheese price and the number of 24-month aged wheels;
  • three tables recording the average monthly wholesale prices;
  • a table with the time series of Parmigiano Reggiano's production (n° of wheels);
  • an area chart that displays the monthly evolution of Parmigiano Reggiano's production.

The Parmigiano Reggiano's price lines could be explained by the following :
  • seasonal fluctuation of production;
  • the seasonal demand (stronger in winter) and the cheese conservation;
  • export volumes;
  • the new entry on the domestic and international markets of counterfeits or similar products at low prices.

Parmigiano Reggiano - Aged up 12 months
Wholesale price  (€/kg)
Month 2016 2017 2018 ± on prev.
month.
± % from
2017
January 7,87 9,61 9,69 +0,91% +0,85%
February 8,04 9,63 9,75 +0,65% +1,30%
March 8,20 9,63 9,75 0,00% +1,30%
April 8,20 9,58 9,75 0,00% +1,83%
May 8,20 9,48 9,75 0,00% +2,90%
June 8,15 9,50 9,75 0,00% +2,63%
July 8,18 9,58 9,75 0,00% +1,83%
August 8,28 9,58 9,75 0,00% +1,83%
September 8,36 9,58 9,75 0,00% +1,83%
October 8,54 9,58 9,83 +0,85% +2,70%
November 8,80 9,58  
December 9,26 9,60  
Average 8,34 9,57 9,75
Change¹ % +10,85% +14,80% +1,90%
Last Update: 2018-10-15
1) change from the same period of previous year
Source: Milan Chamber of Commerce; since January 2018, Metropolitana Milano MonzaBrianza Lodi Chamber of Commerce
 
Parmigiano Reggiano - Aged up 18 months
Wholesale price  (€/kg)
Month 2016 2017 2018 ± on prev.
month.
± % from
2017
January 8,99 10,30 10,66 +0,83% +3,52%
February 9,09 10,36 10,73 +0,59% +3,50%
March 9,18 10,38 10,73 -0,00% +3,37%
April 9,18 10,36 10,73 0,00% +3,50%
May 9,18 10,38 10,73 0,00% +3,31%
June 9,13 10,48 10,73 +0,00% +2,39%
July 9,15 10,55 10,74 +0,09% +1,75%
August 9,25 10,55 10,88 +1,30% +3,08%
September 9,34 10,55 11,13 +2,30% +5,45%
October 9,51 10,55 11,23 +0,90% +6,40%
November 9,75 10,55  
December 10,08 10,58  
Average 9,32 10,47 10,82
Change¹ % +7,14% +12,33% +3,63%
Last Update: 2018-10-15
1) change from the same period of previous year
Source: Milan Chamber of Commerce; since January 2018, Metropolitana Milano MonzaBrianza Lodi Chamber of Commerce
 
Parmigiano Reggiano - Aged up 24 months
Wholesale price  (€/kg)
Month 2016 2017 2018 ± on prev.
month.
± % from
2017
January 9,74 11,05 11,64 +0,76% +5,32%
February 9,84 11,11 11,70 +0,54% +5,29%
March 9,93 11,13 11,70 0,00% +5,17%
April 9,93 11,11 11,70 0,00% +5,29%
May 9,93 11,15 11,70 0,00% +4,93%
June 9,88 11,30 11,70 -0,00% +3,54%
July 9,90 11,38 11,75 +0,43% +3,30%
August 10,00 11,38 11,90 +1,28% +4,62%
September 10,09 11,38 12,15 +2,10% +6,81%
October 10,26 11,39 12,29 +1,17% +7,96%
November 10,50 11,53  
December 10,83 11,55  
Average 10,07 11,29 11,82
Change¹ % +6,26% +12,12% +5,22%
Last Update: 2018-10-15
1) change from the same period of previous year
Source: Milan Chamber of Commerce; since January 2018, Metropolitana Milano MonzaBrianza Lodi Chamber of Commerce
Production of Parmigiano Reggiano
Number of wheels  
Month 2003 2008 2013 2014 2015 2016 2017 2018 ± % on
2017
± % on
2016
January 255.194 266.755 284.887 287.153 282.141 297.493 307.641 326.946 +6,3% +9,9%
February 237.485 255.404 270.275 267.948 259.834 288.521 289.230 302.362 +4,5% +4,8%
March 271.517 275.240 300.958 300.598 294.974 312.756 328.991 337.991 +2,7% +8,1%
April 263.453 267.775 291.542 291.564 288.204 303.498 320.158 329.333 +2,9% +8,5%
May 270.974 272.334 294.235 293.847 296.787 302.761 322.965 330.436 +2,3% +9,1%
June 245.346 249.191 270.609 272.452 279.919 281.821 297.888 304.229 +2,1% +8,0%
July 250.039 243.742 267.457 274.990 264.789 280.040 300.477 304.689 +1,4% +8,8%
August 231.008 235.898 257.345 266.309 262.551 279.184 289.158 288.815 -0,1% +3,4%
September 233.267 228.350 251.740 253.087 253.965 266.618 285.738 281.548 -1,5% +5,6%
October 243.942 239.788 259.984 259.595 266.599 281.318 299.643
November 236.577 232.784 255.635 257.559 265.966 278.414 295.164
December 251.702 247.398 274.489 272.621 286.924 297.441 313.521
Jan-Sep 2.258.283 2.294.689 2.489.048 2.507.948 2.483.164 2.612.692 2.742.246 2.806.349
% previous ¹ +1,8% -1,9% -1,0% +0,8% -1,0% +5,2% +5,0% +2,3%
Total Year 2.990.504 3.014.659 3.279.156 3.297.723 3.302.653 3.469.865 3.650.574
% previous +1,8% -2,1% -0,8% +0,6% +0,1% +5,1% +5,2%
Last Update: 16-10-2018
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: Parmigiano Reggiano Cheese Consortium - Italy