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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 lot(s), aged for 18 months, aged for 24 months and aged for 30 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 12 months and over aged lot(s)
Wholesale price  (€/kg)
Month 2018 2019 2020 ± on prev.
month.
± % from
2019
January 9,69 10,86 9,22 -1,74% -15,10%
February 9,75 10,93 8,72 -5,40% -20,19%
March 9,75 10,95 8,26 -5,28% -24,58%
April 9,75 10,95 8,21 -0,55% -25,00%
May 9,75 10,95 7,95 -3,20% -27,40%
June 9,75 10,95 7,44 -6,42% -32,05%
July 9,75 10,95  
August 9,75 10,95  
September 9,75 10,86  
October 9,87 10,61  
November 10,01 9,89  
December 10,39 9,38  
Average 9,83 10,68 8,30
Variazione¹ % +2,68% +8,70% -24,07%
Last Update:29-06-2020
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 2018 2019 2020 ± on prev.
month.
± % from
2019
January 10,66 12,34 10,89 -0,85% -11,72%
February 10,73 12,38 10,39 -4,57% -16,01%
March 10,73 12,38 9,90 -4,75% -20,00%
April 10,73 12,38 9,76 -1,39% -21,11%
May 10,73 12,38 9,24 -5,38% -25,35%
June 10,73 12,38 8,72 -5,66% -29,58%
July 10,74 12,38  
August 10,88 12,38  
September 11,13 12,08  
October 11,29 11,71  
November 11,59 11,20  
December 12,01 10,99  
Average 10,99 12,08 9,82
Variazione¹ % +5,04% +9,87% -20,63%
Last Update:29-06-2020
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 2018 2019 2020 ± on prev.
month.
± % from
2019
January 11,64 13,31 11,69 -0,79% -12,18%
February 11,70 13,35 11,19 -4,26% -16,15%
March 11,70 13,35 10,70 -4,41% -19,85%
April 11,70 13,35 10,56 -1,29% -20,88%
May 11,70 13,35 10,04 -4,97% -24,81%
June 11,70 13,35 9,52 -5,21% -28,73%
July 11,75 13,35  
August 11,90 13,35  
September 12,15 13,05  
October 12,36 12,68  
November 12,64 12,14  
December 13,06 11,79  
Average 12,00 13,03 10,62
Variazione¹ % +6,32% +8,63% -20,44%
Last Update:29-06-2020
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 2005 2010 2015 2016 2017 2018 2019 2020 ± % on
2019
± % on
2018
January 269.830 259.299 282.141 297.493 307.641 326.946 320.858 335.804 +4,7% +2,7%
February 251.604 242.690 259.834 288.521 289.230 302.362 300.897 326.163 +8,4% +7,9%
March 285.097 275.584 294.974 312.756 328.991 337.991 340.210 354.866 +4,3% +5,0%
April 279.751 270.207 288.204 303.498 320.158 329.333 330.507 341.756 +3,4% +3,8%
May 285.687 273.792 296.787 302.761 322.965 330.436 334.267
June 262.240 251.438 279.919 281.821 297.888 304.229 309.360
July 257.875 237.046 264.789 280.040 300.477 304.689 301.983
August 254.356 237.883 262.551 279.184 289.158 288.815 298.590
September 240.712 230.397 253.965 266.618 285.738 281.548 289.720
October 250.196 242.558 266.599 281.318 299.643 294.611 303.115
November 242.823 240.168 265.966 278.414 295.164 290.008 301.106
December 256.020 257.198 286.924 297.441 313.521 308.733 323.580
Jan-Apr 1.086.282 1.047.780 1.125.153 1.202.268 1.246.020 1.296.632 1.292.472 1.358.589
% y-o-y ¹ +12,5% -3,5% +7,4% +6,9% +3,6% +4,1% -0,3% +5,1%
Total Year 3.136.191 3.018.260 3.302.653 3.469.865 3.650.574 3.699.701 3.754.193
% y-o-y ¹ +10,0% -3,8% +9,4% +5,1% +5,2% +1,3% +1,5%
Last Update: 14-05-2020
1) change from the same period of previous year , except for years 2005, 2010, 2015, where the change is from the same period 5 years ago
**: 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
  = Min Production in the last 5 years
  = Max Production in the last 5 years
UK trade data for the period Jan - Apr 2020 are provisional