The wine sector in Italy, the world’s largest producer by volume, is expected to record a drop in turnover of 20 to 25% this year due to the consequences of the coronavirus epidemic, according to an estimate by the study center of Mediobanca bank published Tuesday. This would represent a drop in turnover of around 2 billion euros.
The Prosecco AOC consortium announces that the proposal to change the rules for the production of Prosecco AOC, which includes the introduction of Prosecco AOC Rosé, has been unanimously approved by the Italian Ministry of Agriculture.
Italy, stimulus plan decree: 150 million euros for wine, 1.15 billion euros for agriculture in total
The Italian stimulus decree, which allocates 55 billion euros to support businesses and workers, also includes important measures for the agricultural sector totaling 1.15 billion euros. For wine, 50 million euros are planned for the distillation, and 100 million euros for the green harvest.