Switzerland votes a federal budget to clear wine stocks

Monday May 27 2013 by Vitisphere

According to a decision issued by the Parliament of the Swiss Confederation in December 2012, the decommissioning of Swiss wines AOC into table wines will be supported by a federal budget of 10 million Swiss francs.  The Federal Council issued an order on May 15 to make this measure effective in order to respond to a surplus of wine from the Swiss industry, while the Swiss franc is strong and limits the possibilities of export sales and domestic consumption is still regressing (in 2012 it fell below the symbolic threshold of one million hectoliters).

This exceptional support to the Swiss industry will begin June 1, 2013 and must be completed by the end of 2014. It implied the federal funding of 1.5 francs per liter of AOC wine which is downgraded into Vin de Table, in order "to allow the clearance of existing stocks." The measure is mainly a government's response to swiss wine professionals claims, who demanded a revision of the tariff quota (ie in practice a reduction of the volume of imported wine). Preventively, yields of white AOC wines will also be reduced for the 2013 harvest, down to 1.3 kg/m2.

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