Wine sector: world production at the top
This month started with the awaited votes of the European Parliament’s Agriculture Committee (ComAgri) on negotiation positions on the CAP post-2020 reform package, namely the new EU rules for the Common Market Organisation in agricultural products (April 1), the CAP Strategic Plans (April 2) and the Horizontal Regulation (April 8).
In terms of wine market dynamics, latest figures presented by the OIV show that world wine production in 2018 reached a record of 292.3 mhl, which represents an increase of 42.5 mhl since 2017 and close to the high level of 2004.
Organic wine consumption worldwide is expected to show a rapid increase in the coming years. This is mainly due the rapid growth of consumers’ attention towards environmental sustainability and wellbeing. European markets will play a major role in this evolution, with Europe expected to account for 78% of organic wine consumption in 2022.
Climate change is having and will continue to have major impacts on vineyards, that’s why the sector needs to react and focus on the most effective solutions.
Finally, as part of a dispute with the EU at the WTO over subsidies for the aerospace industry, U.S. President Donald Trump threatened to add additional import duties on a series of agri-food products, wines included.
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