Welcome to the Wine News. Here are today's main news.

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Lambrusco: Growing Global Popularity Claudio Biondi, president of the Lambrusco Protection Consortium, highlighted the importance of exports for Lambrusco, now among the best-selling wines in the world. With a significant presence in 90 countries, demand is increasing especially in the United States and South America.

Late Payments in the Food & Beverage Sector A new study by CRIBIS reveals that the Food & Beverage sector shows an on-time payment rate lower than the national average, although there has been an improvement in recent years.

Support for PGI for Non-Agri-Food Products A call from the Ministry of Business and Made in Italy supports producer associations in the PGI certification of industrial and artisanal products, to promote Made in Italy.

Wine Exports: Growth and Challenges Italian wine exports showed significant growth in the first months of 2024, but peak sales in Russia and Japan are expected to decline due to new excise duties.

Crisis in the Wine Sector Confirmed by the Financial Times An article in the Financial Times discusses the difficulties of the global wine sector, with a reduction in consumption and the exit of large groups from the wine market.

Stability of Italian Bulk Wine Prices Despite the current tranquility of the global bulk wine market, concerns related to trade tensions and climate uncertainties persist, especially in Italy.

Wine & Nature: Connection between Customers and Italian Wineries Wine & Nature is a new web platform that connects customers with Italian wineries, offering tasting and hospitality experiences, increasing the international visibility of companies.

LVMH: Lights and Shadows in the Financial Statements Despite a slight decline in revenues in the first half of the year, the cosmetics segment shows positive signs, while champagne experiences a slowdown.

IWSR: Declining Prospects for Wine Consumption According to International Wine & Spirits Research, wine consumption is expected to decline in the long term, due to lifestyle changes and reduced interest among young people.

Alarm Decline in Wine Consumption: New Strategies Necessary The world of wine faces a contraction in global consumption, with a strong decrease among young consumers. Experts are looking for solutions to attract new enthusiasts.

The Phenomenon of Italian Sparkling Wines: Sustained Growth Italian sparkling wine exports reached 684 million euros in the first quarter of 2024, marking an increase of 11.2% compared to 2023, thanks above all to Prosecco.

Government Intervention in the Moncaro Case The government sends inspectors to Terre Cortesi-Moncaro following the cooperative's crisis, with the aim of taking measures against speculation.

Prosecco Superiore Docg at the Venice Film Festival The Conegliano Valdobbiadene Prosecco Superiore Docg will be the official sparkling wine for the Venice Film Festival's events, with special labels for the occasion.

Inauguration of the Uniud Eno Lab Experimental Cellar in Udine Support for research and education in viticulture and oenology with new structures and advanced technologies.

Revolutionary Discovery in Trentodoc Wines Researchers have discovered in Trentodoc wines a new class of natural compounds that modulate flavor, introducing the 'kokumi' effect in white wines.

Wine Crisis in Spain The Spanish wine sector faces a crisis, with a significant reduction in the number of wineries and companies.

Champagne Crisis Influenced by Geopolitics Geopolitics negatively impacts the global champagne market.

Women of Wine Highlighted on Forbes Italia Seven female wine entrepreneurs have been recognized among the “100 successful women” of 2024 for their impact on the Italian wine sector.

Wine Market: Realignment between Orders and Sales Matteo Zoppas, Ice president, discusses how the wine sector is facing current and future market challenges.

Health and Wine: Research on Moderation Two contrasting studies examine the effects of moderate wine consumption on longevity and health, offering different perspectives.

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27/07/2024
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