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May 30, 2022 View:

Several Italian wine producers refuse to put their stocks into distillation

As a result of the epidemic, Italian wine producers are generally under pressure to increase their stocks, and in response the government has proposed two schemes to subsidize producers, the Distillation Act and the Green Harvest Act.

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For many wine producers, the subsidies offered by the distillation bill are not attractive enough, so producers prefer to wait for the market to slowly recover.

According to Icqrf data, Italian wine inventories stood at 4.2 billion liters as of July 29, 2020, up 1.8% from July 31, 2019.