Protection of wine prices in Spain
Protection of wine prices in Spain
Mar 24, 2010 6
Spain - Ministry of Agriculture to withdraw wine from market in attempt to push up prices
Over the next few weeks the Ministry for the Environment and Agriculture will put into action a plan to withdraw two million hectolitres of wine before distillation at a price of around 1.85 euros per hectograde. This measure, supported by agricultural organizations and cooperatives, is designed to reduce the supply of wine and increase its market price.
The operation is open to all wine producers and applies to all wine producing areas even if they do not meet other requirements. The Ministry of Agriculture has a budget of 14 million euros in order to carry out this operation.
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