{"id":109168,"date":"2026-06-23T00:29:02","date_gmt":"2026-06-22T22:29:02","guid":{"rendered":"https:\/\/www.infokuryr.cz\/n\/?p=109168"},"modified":"2026-06-22T19:55:49","modified_gmt":"2026-06-22T17:55:49","slug":"syr-jako-investice-zadne-sci-fi-ale-realita-italskych-bank","status":"publish","type":"post","link":"https:\/\/www.infokuryr.cz\/n\/2026\/06\/23\/syr-jako-investice-zadne-sci-fi-ale-realita-italskych-bank\/","title":{"rendered":"S\u00fdr jako investice? \u017d\u00e1dn\u00e9 sci-fi, ale realita italsk\u00fdch bank"},"content":{"rendered":"
<\/div>\n

Zat\u00edmco investo\u0159i po cel\u00e9m sv\u011bt\u011b up\u00edraj\u00ed svou pozornost na komodity jako zlato, drah\u00e9 kovy a ropa, banky na severu It\u00e1lie ji\u017e \u0159adu let pou\u017e\u00edvaj\u00ed jako finan\u010dn\u00ed aktivum legend\u00e1rn\u00ed pochoutku v podob\u011b s\u00fdra Parmigiano Reggiano. Tamn\u00ed banky jej toti\u017e p\u0159ij\u00edmaj\u00ed jako zaji\u0161t\u011bn\u00ed \u00fav\u011br\u016f pro mal\u00e9 farm\u00e1\u0159e.<\/strong><\/p>\n

Jednou z kl\u00ed\u010dov\u00fdch oblast\u00ed, kde se ukr\u00fdvaj\u00ed obrovsk\u00e9 sklady, je region Emilia-Romagna. Pt\u00e1te se, jak je mo\u017en\u00e9, \u017ee banky p\u0159ij\u00edmaj\u00ed takovou formu zaji\u0161t\u011bn\u00ed? Hodnota t\u011bchto obrovsk\u00fdch bochn\u00edk\u016f toti\u017e d\u00edky let\u016fm zr\u00e1n\u00ed v\u00fdrazn\u011b roste. Parmigiano Reggiano pat\u0159\u00ed mezi nejp\u0159\u00edsn\u011bji regulovan\u00e9 potraviny na sv\u011bt\u011b a p\u0159edt\u00edm, ne\u017e se dostane na pulty obchod\u016f, mus\u00ed zr\u00e1t minim\u00e1ln\u011b jeden rok, p\u0159i\u010dem\u017e doba zr\u00e1n\u00ed n\u011bkter\u00fdch bochn\u00edk\u016f p\u0159esahuje i t\u0159i roky.<\/p>\n

Tlak na ceny<\/strong><\/h3>\n

Pr\u00e1v\u011b dlouh\u00e9 zr\u00e1n\u00ed vytv\u00e1\u0159\u00ed na farm\u00e1\u0159e obrovsk\u00fd tlak. Jejich n\u00e1klady na suroviny, v\u00fdrobu a zam\u011bstnance jsou okam\u017eit\u00e9, ale doba n\u00e1vratnosti investice trv\u00e1 i n\u011bkolik let. Pr\u00e1v\u011b z tohoto d\u016fvodu existuje v It\u00e1lii unik\u00e1tn\u00ed syst\u00e9m, kter\u00fd dr\u017e\u00ed cel\u00e9 odv\u011btv\u00ed p\u0159i \u017eivot\u011b. V\u00fdrobci mohou sv\u00e9 bochn\u00edky zastavit bance stejn\u00fdm zp\u016fsobem jako jak\u00fdkoli jin\u00fd majetek. Banka n\u00e1sledn\u011b bochn\u00edky bezpe\u010dn\u011b uskladn\u00ed a poskytne v\u00fdrobc\u016fm pot\u0159ebn\u00e9 financov\u00e1n\u00ed ve v\u00fd\u0161i 60 a\u017e 80 procent ceny bochn\u00edk\u016f na obdob\u00ed, ne\u017e s\u00fdry poputuj\u00ed ke spot\u0159ebitel\u016fm.<\/p>\n

Milionov\u00fd byznys v \u010d\u00edslech<\/strong><\/h3>\n

K nejzn\u00e1m\u011bj\u0161\u00edm bank\u00e1m, kter\u00e9 p\u0159ij\u00edmaj\u00ed s\u00fdr jako zaji\u0161t\u011bn\u00ed, pat\u0159\u00ed banka Credem (Credito Emiliano), kter\u00e1 p\u0159ij\u00edm\u00e1 s\u00fdr jako z\u00e1stavu p\u016fj\u010dek ji\u017e od roku 1953 a podle dostupn\u00fdch \u00fadaj\u016f skladuje p\u0159ibli\u017en\u011b p\u016fl milionu bochn\u00edk\u016f s\u00fdra v hodnot\u011b stovek milion\u016f eur. Krom\u011b toho poskytuj\u00ed s\u00fdrov\u00e9 \u00fav\u011bry tak\u00e9 banky Monte dei Paschi di Siena nebo BPER, ta v\u0161ak na rozd\u00edl od prvn\u00edch dvou jmenovan\u00fdch funguje na principu tzv. \u201eml\u00e9\u010dn\u00fdch kv\u00f3t\u201c.<\/p>\n

V\u00fdvoz neust\u00e1le roste<\/strong><\/h3>\n

Konzorcium Parmigiano Reggiano sdru\u017euje p\u0159ibli\u017en\u011b 300 v\u00fdrobc\u016f a 2000 farm\u00e1\u0159\u016f. Cel\u00fd sektor by m\u011bl m\u00edt hodnotu p\u0159ibli\u017en\u011b 4 miliardy eur, p\u0159i\u010dem\u017e neust\u00e1le investuje do cestovn\u00edho ruchu s c\u00edlem zv\u00fd\u0161it po\u010det n\u00e1v\u0161t\u011bvn\u00edk\u016f s\u00fdrov\u00fdch farem a sklad\u016f z 85 tis\u00edc na 300 tis\u00edc do roku 2029. Nejv\u011bt\u0161\u00edm trhem, kam se s\u00fdr vyv\u00e1\u017e\u00ed, jsou USA, ale popt\u00e1vka roste i v Kanad\u011b, Brit\u00e1nii, Skandin\u00e1vii, Japonsku a na Bl\u00edzk\u00e9m v\u00fdchod\u011b. V roce 2025 byl zaznamen\u00e1n obrovsk\u00fd miln\u00edk, kdy\u017e v\u00fdvoz poprv\u00e9 p\u0159ekro\u010dil 50 procent celkov\u00e9ho prodeje tohoto s\u00fdra. Mezin\u00e1rodn\u00ed popt\u00e1vka vzrostla o 2,7 procenta, naopak dom\u00e1c\u00ed prodej zaznamenal pokles v d\u016fsledku rostouc\u00edch cen.<\/p>\n

Za\u0159ad\u00ed se mezi luxusn\u00ed potraviny?<\/strong><\/h3>\n

Kvalita s\u00fdra Parmigiano Reggiano podl\u00e9h\u00e1 p\u0159\u00edsn\u00fdm pravidl\u016fm. Neobsahuje p\u0159\u00eddavn\u00e9 l\u00e1tky, je p\u0159irozen\u011b bezlakt\u00f3zov\u00fd a st\u00e1le popul\u00e1rn\u011bj\u0161\u00ed tak\u00e9 d\u00edky vysok\u00e9mu obsahu b\u00edlkovin. Jednodu\u0161e sen \u2013 zejm\u00e9na pro ty spot\u0159ebitele a investory, kte\u0159\u00ed si potrp\u00ed na udr\u017eitelnost. P\u0159\u00edli\u0161 vysok\u00e9 ceny v\u0161ak mohou zp\u016fsobovat odklon k n\u00e1kup\u016fm levn\u011bj\u0161\u00edch alternativ, jako je nap\u0159\u00edklad Grana Padano. Podle dostupn\u00fdch dat spole\u010dnosti Tridge se cena v b\u0159eznu 2025 pohybovala na \u00farovni 13,65 eura za kilogram t\u00e9to italsk\u00e9 pochoutky, zat\u00edmco data Konzorcia z roku 2016 uv\u00e1d\u011bj\u00ed 8,50 eura za kilogram, co\u017e p\u0159edstavuje n\u00e1r\u016fst t\u00e9m\u011b\u0159 o 60 procent za posledn\u00edch 10 let.<\/p>\n

Ol\u00edvia Lacenov\u00e1, analyti\u010dka <\/strong>Wonderinterest Trading Ltd.<\/strong><\/a><\/h4>\n

* Minul\u00e1 v\u00fdkonnost nen\u00ed z\u00e1rukou budouc\u00edch v\u00fdsledk\u016f.<\/em><\/p>\n

Wonderinterest Trading Ltd<\/em><\/a> (CIF), kter\u00e1 je pod dohledem a regulac\u00ed Kypersk\u00e9 komise pro cenn\u00e9 pap\u00edry a burzy (CySEC) s licenc\u00ed \u010d\u00edslo 307\/16 a registra\u010dn\u00edm \u010d\u00edslem HE 332830. Registrovan\u00e1 adresa spole\u010dnosti je 176 Makariou III Avenue, Paschalis Court, Office 201, 3027 Limassol, Kypr.<\/em><\/p>\n

Finan\u010dn\u00ed rozd\u00edlov\u00e9 smlouvy jsou slo\u017eit\u00e9 n\u00e1stroje a jsou spojeny s vysok\u00fdm rizikem rychl\u00fdch finan\u010dn\u00edch ztr\u00e1t v d\u016fsledku p\u00e1kov\u00e9ho efektu. U 78,70 % \u00fa\u010dt\u016f neprofesion\u00e1ln\u00edch investor\u016f doch\u00e1z\u00ed p\u0159i obchodov\u00e1n\u00ed s finan\u010dn\u00edmi rozd\u00edlov\u00fdmi smlouvami u tohoto poskytovatele ke finan\u010dn\u00edm ztr\u00e1t\u00e1m. M\u011bli byste zv\u00e1\u017eit, zda ch\u00e1pete, jak finan\u010dn\u00ed rozd\u00edlov\u00e9 smlouvy funguj\u00ed, a zda si m\u016f\u017eete dovolit podstoupit vysok\u00e9 riziko finan\u010dn\u00edch ztr\u00e1t.<\/em><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Zat\u00edmco investo\u0159i po cel\u00e9m sv\u011bt\u011b up\u00edraj\u00ed svou pozornost na komodity jako zlato, drah\u00e9 kovy a…<\/p>\n","protected":false},"author":2,"featured_media":102388,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[6],"tags":[1042,45,286,331],"_links":{"self":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts\/109168"}],"collection":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/comments?post=109168"}],"version-history":[{"count":0,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts\/109168\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/media\/102388"}],"wp:attachment":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/media?parent=109168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/categories?post=109168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/tags?post=109168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}