The European Wine Market (and Price) Observatory launches

Thursday November 14 2019 by Vitisphere

Year in, year out, European wine production accounts for 60% of volumes produced worldwide.Year in, year out, European wine production accounts for 60% of volumes produced worldwide.

Following similar initiatives for the beef, dairy and sugar industries, a specific market observatory for wine has just been launched by the European Commission. On 4 November in Brussels, the Directorate-General for Agriculture (DG Agri) convened a meeting of the twenty members appointed to launch the observatory. Complementing the European Commission's specialised civil dialogue group on wine, the DG Agri observatory aims to be less political and more technical in monitoring trade dynamics.

First on the observatory’s agenda was taking stock of the economic data available and how to create a timely price monitoring system. The current dashboard is indeed rustic. Ultimately, the wine market observatory should enable DG Agri to monitor the situation and factors affecting the marketing of European wines on an annual basis.

 

 

 

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