EU launches crisis measures to save winemakers ...News

Falling demand and a solid 2022 harvest have left producers with overstocked cellars The European Commission this week introduced emergency market measures to support EU wine producers, who have found themselves unable to dispose of excess stocks. According to Friday’s announcement on the commission’s website, member states will, under national support programs, be able to include crisis distillation as a subsidised measure to remove excess wine from the market. “The financial compensation to be granted to the wine eligible for distillation would be limited to a share of recent market prices,” the statement said.

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Last updated : 25 June 2023 clock 06:01 PM

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EU launches crisis measures to save winemakers ...News

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