Tags: EU | Italy | Parmesan | Cheese

US Consumers Snap up Italian Parmesan before Tariffs

Friday, 11 October 2019 10:38 AM EDT

MILAN (AP) — U.S. consumers are stocking up Italian Parmesan cheese ahead of an increase in tariffs to take effect next week.

The agricultural lobby Coldiretti on Friday said sales of both Parmigiano Reggiano and Grana Padano, aged cheeses defined by their territory of origin, have skyrocketed by 220% since the higher tariffs were announced one week ago.

The higher tariffs — up from $2.15 a kilogram to around $6 a kilogram — take effect on Oct. 18.

Coldiretti says American consumers as a result will pay $45 a kilogram, instead of $40 — which is expected to hurt sales in Italy's Parmesan's second-largest export market after France.

Nicola Bertinelli, president of the Parmigiano Reggiano cheese consortium, says the tariffs threaten the economic health of 330 small producers in the area around Parma.

© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
U.S. consumers are stocking up Italian Parmesan cheese ahead of an increase in tariffs to take effect next week.The agricultural lobby Coldiretti on Friday said sales of both Parmigiano Reggiano and Grana Padano, aged cheeses defined by their territory of origin, have...
EU,Italy,Parmesan,Cheese
129
2019-38-11
Friday, 11 October 2019 10:38 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved