Wine sector: Coming into force of the promotion regulations
The European Union Regulation for the promotion of EU wine entered into force on 3 February, ratified by a positive vote by COMAGRI on 18 February. Rising prices continued to drive down wine sales in the USA.
In France, winegrowers are asking for a compensation fund from the French President.
On a world level, the price of American wine is falling, mainly due to a surplus of Californian wine. In addition, coronavirus is affecting the international wine trade, with falls in world wine exports to China.
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