Wine
Posted: 3 weeks ago

Small Wineries Expect 40% Reduction in Wine Sales in 2020

Small wineries expect a 40% reduction in wine sales this year.

According to their forecast, companies will also have to reduce prices for export products. As winemakers say, the reason is the crisis situation in the world due to the pandemic of Covid-19.

Entrepreneurs say that almost all countries have started to stimulate local production, which will temporarily hinder access to foreign markets. Accordingly, as for wine experts, small wineries should plan next year's production plans taking into account the new reality.