Heatwaves Drive up Costs for Parmesan Cheese Farmers and Banks.

BNR Nieuwsradio

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In southern Europe, the mercury has repeatedly climbed towards 40 degrees Celsius this summer. This is causing significant problems in the production process of Parmesan cheese. For instance, cows are producing less milk and ripening rooms require extra cooling. Farmers are now being supported with subsidies from regional authorities and the European Union, Reuters reports.

Dagbladet Information

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This summer's heatwaves, droughts and fires are hitting agricultural production hard in large parts of Europe. This is affecting the economy, security of supply and farmers' faith in the future.

finanzen100.de

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Italian banks borrow Parmesan cheese worth hundreds of millions of euros. However, heat, higher cooling costs and falling milk volumes endanger the model.