France increases winery stock level to mitigate weather hazards

26th June, 2018 by Natalie Wang

France has introduced a new rule that will allow wineries to increase the amount of stock they’re allowed to hold back by up to 20%, following recent weather events that adversely affected wine production in the country.

The National Institute of Origin and Quality (INAO), the governing body of French wine regions and appellations, announced last week that producers of red and white wines are now able to increase their allowed wine stocks each year from 10% to 20%, to a total of 50% over a period of three years.

“This decision will reinforce the resilience of vineyards against recurrent weather hazards, by playing a role similar to crop insurance,” the INAO and the top government official for the Gironde department, which includes Bordeaux, said.

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One Response to “France increases winery stock level to mitigate weather hazards”

  1. Talisha says:

    What percent is France in the world production of wine?

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