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EU spends 415 M euro on wine support – 159 M euro goes to Spain

>> Friday, May 18, 2007 EU has a relatively substantial budget to support and develop the wine sector. Primarily it is targeted at decreasing the surplus of cheap, low quality wine, e.g. by grubbing up vines, by changing grape varieties, and in other ways improve wine production. For the budget year ’06-’07 some 425 million euro will be spent on this program. 159 of those millions will go to Spain which is the country with the biggest land surface planted for wine production: 1.2 million hectares. This is one of the things that you can learn from the recently published “Spain Food and Drink Report Q1 2007” from Research and Markets.


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