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France increases aid to wine, up to 250 million after the evaporation of demand

France increases its aid to the sector up to € 250 million. The sector has been hit hard by the coronacrisis so the question is, for a large part of it is lost.

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France increases aid to wine, up to 250 million after the evaporation of demand

France increases its aid to the sector up to € 250 million. The sector has been hit hard by the coronacrisis so the question is, for a large part of it is lost.

the French prime minister, Jean Castex said Wednesday during a visit to the vineyards of Menetou-Salon and Sancerre, the region of the Loire valley.

In may, it offered to the French government, and the growers a helping hand. There was a 140 million euro was allocated in order to be able to do that out of the surplus wine hand gel was made. There was, as a result of the coronacrisis a lot of demand for it.

In June, a further 30 million euro will be defined. Half of them were intended for the storage of over two million hectolitres of surplus wine.

for Six months, not a competition
Last month, the European Commission (EC), the European wine sector more room to be able to work together for the crisis, the better to cope with. The producers have, for a period of up to six months for failure to abide by the rules of the competition.

Also, the EC will then have the green light to additional state aid from the national government, for example, to reduce the cost of storage cover, or a wine to be put in a disinfectant.

soon after the breaking out of the coronacrisis in april and predicted the day to day running of the European Union for the wine market this year, too, would be affected. It had to do with the end of the COVID or 19, but it was also prompted by a decline in imports from the united states due to the import duties on Eu products.

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