Russia may set minimum price for wine
Russia may set minimum price for wine
Oct 30, 2012 6
(TheDrinksBusiness) - The Russian government may set a minimum price for wine due to poor grape harvests in Russia and Europe.
According to Russian newspaper Izvestia, the move would be made to compensate domestic winemakers for rising grape prices after 2012’s below par harvest, which has been blighted by drought in Spain, Portugal and Italy.
The Russian Union of Wine Growers and Winemakers has sent a request to the Federal Service for Alcohol Market Regulation to set the minimum retail price of a 70cl bottle at 110 rubles (£2.82).
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