Hard cheese as soaring prices grate

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The Independent Online

High-protein diets such as Atkins and South Beach, as well as increased demand for dairy products from China and Russia, have pushed cheese prices to unprecedented levels.

High-protein diets such as Atkins and South Beach, as well as increased demand for dairy products from China and Russia, have pushed cheese prices to unprecedented levels.

A ton of ordinary cheddar will now cost around £1,500, up 80 per cent on two years ago, while mozzarella costs around £1,600, up nearly 60 per cent.

According to reports on Bloomberg, world cheese stocks are at their lowest level since 1971 despite a 10 per cent increase in production. The world cheese industry is now worth $45bn (£24bn) a year, up from $25bn two years ago.

The high prices are hitting profits at processed-food producers such as Kraft, and pizza firms like Domino's. Though prices are down from the peaks in the summer, anyone who likes cheese will have to budget Caerphilly.

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