Posted: Apr 21, 2020
Having an extra billion bottles of wine might sound great, until you think about the repercussions. This is a real problem European winemakers are facing due to surplus caused by the coronavirus outbreak. The crisis has included a 30% drop in volume and 50% drop in value of the EU wine market due to closures. And making matters worse, another harvest is coming up relatively quickly. That means tanks and storage space need to be emptied to make room before the new grapes are picked. A likely scenario is that much of this excess wine will be distilled down into industrial alcohol. If it comes to distilling, winemakers could be paid as little as 80 cents per liter for their excess wine. The industry is requesting assistance and regulatory changes from the EU to try and forestall the crisis.
April 21, 2020 Source: msn.com
Go-Wine's mission is to organize food and beverage information and make it universally accessible and beneficial. These are the benefits of sharing your article in Go-Wine.com
Professional consulting to the Food and Beverage industry.www.winebusinessacademy.com
The Wine Thief Bistro & Specialty Wines is a locally owned small business in downtown Frankfort, IL offering world class wines in a relaxed, casual gathering spot for friends and family. Offering world class virtual tastings and touchless carryout.https://www.twtwineclub.com/aboutus
Go-Wine 25 Great Wineries in US selection prioritizes quality, value and availability.www.go-wine.com/great-wineries-in-america
Tasting wine is a nice experience, but visiting the places in which wine is made is a magic moment. Available in New York City for touchless pickup.