June was marked as follows: At the informal summit in Sibiu on 3 and 4 June, the Romanian Presidency of the Council took note of the fact that it would not finally lead towards a partial general approach to the reform regulations, as Member States prefer not to go any further in the negotiations […]
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FOOD CHAIN - 1 July 2019
Wine sector: the published final figures of the Wine CMO
June started with the awaited EC publication of the final figures on the “Financial execution of the national support programme 2019-2023” of the Wine CMO.
While, in terms of wine market dynamics, latest figures by the Spanish Wine Market Observatory (OeMv) presented a first analysis for the first quarter of 2019, during which wine shipments from Spain grew by 6.3% in volume, while they decreased by 6.1% in value terms.
The UIV Wine Observatory also published its comprehensive “Wine by Numbers” report, which shows that overall, in the first quarter of 2019 the main wine markets recorded a slowdown.
Finally, Wine Intelligence recently released a report which provides an in-depth look at alternative wine opportunity across 15 global wine markets. A growing interest for the so-called “alternative wine categories” such as Sustainable, Organic, Lower-alcohol, especially among young consumers, has been reported.
full note available on FE members area
Written by Farm Europe