News

Russia: The economist predicted a rise in the price of Parmesan and other cheeses by the fall

Parmesan Cheese
Dairy
Russia
Market & Price Trends
Published Mar 19, 2024

Tridge summary

Economic sciences candidate Olga Lebedinskaya predicts a potential increase in cheese prices in Russia by up to 15% by fall this year, particularly for elite varieties such as Parmesan and Camembert. This is due to a decrease in cheese consumption leading to an oversupply in the market. While government support may limit the price increase of popular varieties to 5-7%, elite varieties are expected to see a significant price hike.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Popular varieties of cheese in Russia may become more expensive by the fall of this year. The increase in prices for elite Parmesan and Camembert will be up to 15%, admitted candidate of economic sciences Olga Lebedinskaya in an interview with Gazeta.ru. According to her, Russian cheese makers are faced with a decrease in consumption of their products. If in 2021 one EU resident ate about 15-18 kilograms of cheese, then in Russia this figure was at around 6.4 kilograms. Therefore, now manufacturers have a problem: there is more cheese on the market than the consumer needs. This could lead to higher prices. And if popular varieties rise in price slightly thanks ...
Source: Otr-online

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