17 minutes agoItalian wine, victim of COVID-19
Periskopi(6 years ago)
(6 years ago)The historic decline in Italian summer exports in the first four months of this year, by 4 percent, is a record that has not been recorded in the last 30 years. Until last year, Italian wine exports were growing steadily, so a year before COVID-19, income was record [...]
Until last year, Italian wine exports were growing steadily, so a year before COVID-19, revenues were record six and a half billion euros.
Countries where Italian wine is traditionally used mostly, such as China, mark a reduction of imports from January to May 2020, up to 44 percent.
According to the president of the Association of Producers, Ettore Prandini, the decline in exports was influenced by the Cronavirus pandemic and the following: bars and closed restaurants, the absence of 25,000 seasonal workers due to quarantine, the uncertainty caused by Brex in Great Britain, and the import taxes declared by US President Donald Trump.
This will further reduce Italian wine exports and bring a loss of one billion and 500m euros.
Four out of ten wine producers in Italy have problems with exports.
