Parmigiano Reggiano: in 2024 celebration for 90 years Consortium

2024 is a year of celebration for Parmigiano Reggiano, celebrating 90 years since the founding of the Consortium on July 27, 1934.

The anniversary will trigger numerous initiatives throughout the year aimed at building value for the supply chain. 2023 concluded with the Ordinary General Assembly of Parmigiano Reggiano Consortium members and the approval of the 2024 budget. On December 21, the plenary approved a balance sheet with 40.75 million euros in revenues, out of the total 18.32 million euros will go to cover the Consortium’s operating costs, while the resources allocated to activities will be 22.43 million, net of provisions, depreciation, and taxes.

Investments for marketing and communication efforts will be 20.80 million euros, with the aim of supporting the development of demand in Italy and abroad, with more than 50 % of the allocated resources. It is also planned to invest 230,000 euros for the continuation of the Premium 40 Months special program to support the long-maturing Parmigiano Reggiano segment, and 1.40 million euros for new special projects planned for next year. The Assembly was also an opportunity for an update on market trends, which recorded +8.0% for total PDO sales in the 11 months (January-November 2023) compared to the same period in 2022, an increase of 9,000 tons (+225,000 wheels). Aggregate Italy scores +10.2% and foreign sales +5.6%.

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