Russia may set minimum price for wine

The Russian government may set a minimum price for wine due to poor grape harvests in Russia and Europe.

St Basil’s Cathedral in Moscow. Credit: Izzet Keribar

According to Russian newspaper Izvestia, the move would be made to compensate domestic winemakers for rising grape prices after 2012’s below par harvest, which has been blighted by drought in Spain, Portugal and Italy.

The Russian Union of Wine Growers and Winemakers has sent a request to the Federal Service for Alcohol Market Regulation to set the minimum retail price of a 70cl bottle at 110 rubles (£2.82).

“The factory minimum selling price for a standard 70cl bottle of wine should be 75-80 rubles.

“In the retail sector, this would be at least 110 rubles,” union president Leonid Popovich told Izvestia.

“These calculations take into account a considerable increase in the prices of wines and wine ingredients due to the bad harvests in Russia and Europe.

“Wine prices should be reviewed every year, depending on the harvest and the world market situation, because many wines in Russia are produced from grapes imported from Italy, Spain, France, Argentina and Chile,” Popovich added.

The Federal Service for Alcohol Market Regulation confirmed it had received the calculations and was studying them.

“A resolution on minimum wine pricing is in the working,” the regulator said.

Russia introduced minimum vodka prices in January 2010 in a bid to fight counterfeit alcohol production and tackle alcoholism in the country.

Since the collapse of the Soviet Union in 1991, alcoholism has been on the rise in Russia triggering a falling age of death in men that has only recently begun to reverse.

Alcohol consumption in Russia is currently more than double the critical level set by the World Health Organisation.

Leave a Reply

Your email address will not be published. Required fields are marked *

Please note that comments are subject to our posting guidelines in accordance with the Defamation Act 2013. Posts containing swear words, discrimination, offensive language and libellous or defamatory comments will not be approved.

Subscribe to our newsletters

Sales and Brand Manager

The Duchess Virgin Gin & Tonic
London,

Sales Scotland

Liberty Wines
Scotland, UK

Supply Chain Supervisor

Speciality Drinks
UK, UK

Sales Manager

Stilnovisti
London, UK

Regional Key Account Manager - On Trade

Lanson International UK
South of England, UK

Private Account Manager

Jeroboams Wine Merchants
London N1, UK

Sales Role

JF Tobias
London, UK

Events Assistant

Decanter
London, UK

Head of Marketing

Decanter
London, UK

Market Manager - Asia

Wines of South Africa
China,

Prosecco Springs

London,United Kingdom
26th Apr 2018

Spirits & More

Rome,Italy
19th May 2018

db Awards 2018

London,UK
23rd May 2018
Click to view more

The Global Malbec Masters 2017

the drinks business is proud to announce the inaugural Global Malbec Masters 2017

The Global Sparkling Masters 2017

the drinks business is thrilled to announce the launch of The Global Sparkling Masters.

Click to view more