Credito Emiliano S.p.A. CE
MIL · Italy · Finance
€21.18-0.20 (-0.94%)
Market open· · EUR · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
Market open· · EUR · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
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Yahoo Finance reporter Jake Conley explains how extreme heatwaves in Europe are threatening Italian 'cheese banks' by driving up cooling costs for warehouses holding $300 million worth of Parmigiano Reggiano collateral, illustrating the broader impact of climate risk on commodities markets.
Extreme heat is squeezing Italy's "cheese banks", the climate-controlled vaults in Emilia-Romagna where hundreds of thousands of Parmigiano Reggiano wheels sit as collateral for farm loans, pushing up energy bills and thinning the milk supply that fills them.View on euronews
Extreme heat is straining the vaults that hold Parmigiano wheels as loan collateral, and economists say the damage runs wider than the vault.
Recent third-party headlines about this company, kept separate from Makkler's own editorial coverage and linking out to the publisher. Accuracy is the publisher's responsibility.