Wine Idea's wine news for July 31, 2024!

Regulatory and Sectoral Updates:

Legislative News "Agriculture Legislative Decree": Introduction of concepts such as "average production cost" and "production cost" which influence the purchase contracts of grapes and wine. Reformulation of sanctions and improvements in the digitalisation of the wine register.

Market Dynamics: 2. Decline in Sales Abroad: Analysis by the Uiv-Vinitaly Observatory shows a 4.3% drop in volume in wine sales in large-scale retail trade in the USA, the United Kingdom and Germany, despite Italy showing a relative hold thanks to the popularity of sparkling wines.

Wine tourism and Local Culture: 3. Divinea Wine Tourism Ranking: Italian wine tourism establishes itself as one of the most appreciated tourist experiences, with a strong involvement in the wine sector and its cultural and recreational activities. 4. Enhancement of Loreto Aprutino: A project has been launched to make the municipality an agricultural biodistrict that emphasizes local wine and oil production.

Corporate Announcements and Leadership: 5. Vi.Vo Cantine, Change of Presidency: Franco Passador becomes the new president, promising further enhancement of the company's leadership skills.

Emergencies and Sectoral Challenges: 6. Water Crisis in Puglia: The Il Vignale company of Orta Nova faces a serious water crisis which negatively impacts agricultural production, including wine production.

Innovation and Renovations: 7. Renovation of Cantina di Montalcino: Aesthetic and strategic restyling initiatives to strengthen the brand's presence on the markets with a contemporary approach to hospitality. 8. Perla del Garda Lancia "Perledellago": An innovative canned wine aimed at the younger generations, combining tradition and modernity in format and design.

Special Events and Promotions: 9. "Botti & Braci" at Cantina Nardone Domenico: An event that celebrates conviviality with a special evening dedicated to good wine and good local cuisine. 10. Versante Est 2024: Traveling event exploring the cellars of Mount Etna, offering a combination of tastings and entertainment.

International Presence: 11. Pasqua Vini a Casa Italia for the Paris Olympics: The only Veronese winery selected to represent the wines of Valpolicella, showcasing its Valpolicella Ripasso Doc Superiore "Black Label" 2021.

Innovation in the Wine Market:

Canned wine arrives in Italy: Launched by Cantina Perla del Garda, the new "Perledellago" line aims to conquer young consumers. This initiative represents an innovative challenge in the Italian panorama, with the aim of making wine more accessible and versatile for use in mixology.

Market Dynamics:

Decline in sales in large-scale foreign distribution: The main reference markets, the USA, the United Kingdom and Germany, recorded a decrease in wine sales of -4.3% in volume. Despite this, Italy maintains a certain resilience, thanks to the popularity of sparkling wines.

Cultural and Tourist Events:

The Wines of Barbarossa in Trevinano, 9-10 August 2024: The village of Trevinano celebrates its rebirth through an event that enhances local products and viticulture, enriching the food and wine culture of the border between Lazio, Umbria and Tuscany.

Franciacorta Festival 2024: A weekend of events dedicated to Franciacorta will be held at the Wine Resort Corte Lantieri in Capriolo, offering an immersion in the wine culture of the region.

Consumption Trends:

VINARIUS and the 2024 summer trends: The Association of Italian Wine Shops reports good performance in the sparkling wine and white wine market, with a slight recovery in rosé wines, particularly appreciated for their freshness and lightness.

Wine competitions:

32nd Mondial des Vins Extrêmes: The event will be held in Sarre (Aosta), promoting wines produced in extreme conditions. This competition valorises heroic viticulture, emphasizing the quality and uniqueness of mountain wines.

Company Anniversaries and Financial Statements:

ANDREOLA and the fortieth harvest: The company, symbol of excellence of the Valdobbiadene DOCG, takes stock of the vintage and prepares to celebrate an important milestone, highlighting its commitment to heroic viticulture.

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