Latest news with #OIV
Korea Herald
23-05-2025
- Business
- Korea Herald
Moldova to Host the 46th World Congress of Vine and Wine – in the Country with the Highest Vineyard Density per Capita
What You Should Know About This Wine Nation CHIȘINĂU, Moldova, May 23, 2025 /PRNewswire/ -- This year, the World Congress of Vine and Wine will take place for the first time in the Republic of Moldova – the country with the highest vineyard area per capita in the world, with 4 hectares for every 100 people. Moldova's total vineyard area reaches nearly 110,000 hectares. The country ranks among the top 20 wine producers globally and is the 14th largest wine exporter in the world. In 2024, Moldova exported 144 million liters of wine, worth over 234 million USD. Moldovan wines are shipped to 73 countries, with half of all exports going to European markets. In Moldova, wine is not just an industry – it is part of the country's identity, history, and economy. Over the past few years, the wine sector has grown significantly, thanks to high quality and improved wine tourism infrastructure. Moldova now has over 250 wineries, offering great wines and unforgettable experiences for visitors from around the world. Moldova has built a strong reputation in the international wine world not only through its authentic terroir and ancient traditions, but also through the growing recognition it has earned in recent decades. In the past five years, Moldovan wines have won thousands of medals at top global competitions – including Berliner Wine Trophy, Mundus Vini, Decanter World Wine Awards, and Concours Mondial de Bruxelles. These awards have helped Moldova become known as a serious producer of high-quality wines, able to compete internationally and impress even the most demanding wine experts. A major milestone in promoting Moldovan wines abroad was the creation of the National Office of Vine and Wine (ONVV) and the launch of the national brand "Wine of Moldova: Unexpectedly Great" in 2013. The 46th edition of the World Congress of Vine and Wine will take place from June 16 to 20, 2025, at the Palace of the Republic in Chișinău, Moldova. The congress will bring together 300 experts, researchers, winemakers, oenologists, producers, and policymakers from 51 member countries of the OIV, to discuss the future of the global wine industry. Participants will also take part in 13 technical visits to Moldova's most renowned wineries, and enjoy a festive dinner hosted at Cricova – the world-famous underground wine city known for its vast tunnels and excellent wines. The event is organized by the International Organisation of Vine and Wine (OIV), in collaboration with the Ministry of Agriculture and Food Industry of Moldova and the National Office for Vine and Wine (ONVV). Moldova has been a member of the OIV since April 3, 2001 – the first country from the CIS to join the organization. In 2024, the OIV celebrates its 100th anniversary, and the congress in Moldova marks the beginning of its second centenary.
Malaysian Reserve
23-05-2025
- Business
- Malaysian Reserve
in the Country with the Highest Vineyard Density per Capita
What You Should Know About This Wine Nation CHIȘINĂU, Moldova, May 23, 2025 /CNW/ — This year, the World Congress of Vine and Wine will take place for the first time in the Republic of Moldova – the country with the highest vineyard area per capita in the world, with 4 hectares for every 100 people. Moldova's total vineyard area reaches nearly 110,000 hectares. The country ranks among the top 20 wine producers globally and is the 14th largest wine exporter in the world. In 2024, Moldova exported 144 million liters of wine, worth over 234 million USD. Moldovan wines are shipped to 73 countries, with half of all exports going to European markets. In Moldova, wine is not just an industry – it is part of the country's identity, history, and economy. Over the past few years, the wine sector has grown significantly, thanks to high quality and improved wine tourism infrastructure. Moldova now has over 250 wineries, offering great wines and unforgettable experiences for visitors from around the world. Moldova has built a strong reputation in the international wine world not only through its authentic terroir and ancient traditions, but also through the growing recognition it has earned in recent decades. In the past five years, Moldovan wines have won thousands of medals at top global competitions – including Berliner Wine Trophy, Mundus Vini, Decanter World Wine Awards, and Concours Mondial de Bruxelles. These awards have helped Moldova become known as a serious producer of high-quality wines, able to compete internationally and impress even the most demanding wine experts. A major milestone in promoting Moldovan wines abroad was the creation of the National Office of Vine and Wine (ONVV) and the launch of the national brand 'Wine of Moldova: Unexpectedly Great' in 2013. The 46th edition of the World Congress of Vine and Wine will take place from June 16 to 20, 2025, at the Palace of the Republic in Chișinău, Moldova. The congress will bring together 300 experts, researchers, winemakers, oenologists, producers, and policymakers from 51 member countries of the OIV, to discuss the future of the global wine industry. Participants will also take part in 13 technical visits to Moldova's most renowned wineries, and enjoy a festive dinner hosted at Cricova – the world-famous underground wine city known for its vast tunnels and excellent wines. Participation packages are available for purchase on the official congress website: The event is organized by the International Organisation of Vine and Wine (OIV), in collaboration with the Ministry of Agriculture and Food Industry of Moldova and the National Office for Vine and Wine (ONVV). Moldova has been a member of the OIV since April 3, 2001 – the first country from the CIS to join the organization. In 2024, the OIV celebrates its 100th anniversary, and the congress in Moldova marks the beginning of its second centenary. Photo:
Cision Canada
23-05-2025
- Business
- Cision Canada
Moldova to Host the 46th World Congress of Vine and Wine - in the Country with the Highest Vineyard Density per Capita
What You Should Know About This Wine Nation CHIȘINĂU, Moldova, May 23, 2025 /CNW/ -- This year, the World Congress of Vine and Wine will take place for the first time in the Republic of Moldova – the country with the highest vineyard area per capita in the world, with 4 hectares for every 100 people. Moldova's total vineyard area reaches nearly 110,000 hectares. The country ranks among the top 20 wine producers globally and is the 14th largest wine exporter in the world. In 2024, Moldova exported 144 million liters of wine, worth over 234 million USD. Moldovan wines are shipped to 73 countries, with half of all exports going to European markets. In Moldova, wine is not just an industry – it is part of the country's identity, history, and economy. Over the past few years, the wine sector has grown significantly, thanks to high quality and improved wine tourism infrastructure. Moldova now has over 250 wineries, offering great wines and unforgettable experiences for visitors from around the world. Moldova has built a strong reputation in the international wine world not only through its authentic terroir and ancient traditions, but also through the growing recognition it has earned in recent decades. In the past five years, Moldovan wines have won thousands of medals at top global competitions – including Berliner Wine Trophy, Mundus Vini, Decanter World Wine Awards, and Concours Mondial de Bruxelles. These awards have helped Moldova become known as a serious producer of high-quality wines, able to compete internationally and impress even the most demanding wine experts. A major milestone in promoting Moldovan wines abroad was the creation of the National Office of Vine and Wine (ONVV) and the launch of the national brand "Wine of Moldova: Unexpectedly Great" in 2013. The 46th edition of the World Congress of Vine and Wine will take place from June 16 to 20, 2025, at the Palace of the Republic in Chișinău, Moldova. The congress will bring together 300 experts, researchers, winemakers, oenologists, producers, and policymakers from 51 member countries of the OIV, to discuss the future of the global wine industry. Participants will also take part in 13 technical visits to Moldova's most renowned wineries, and enjoy a festive dinner hosted at Cricova – the world-famous underground wine city known for its vast tunnels and excellent wines. Participation packages are available for purchase on the official congress website: The event is organized by the International Organisation of Vine and Wine (OIV), in collaboration with the Ministry of Agriculture and Food Industry of Moldova and the National Office for Vine and Wine (ONVV). Moldova has been a member of the OIV since April 3, 2001 – the first country from the CIS to join the organization. In 2024, the OIV celebrates its 100th anniversary, and the congress in Moldova marks the beginning of its second centenary.
Forbes
01-05-2025
- Business
- Forbes
How Tariff Uncertainty Impacts The Wine Industry
'One in every two bottles of wine is consumed outside its country of origin," says John Barker, International Vine and Wine Organization (OIV) Director General getty Tariffs, trade, and the economy are top of mind for many these days. The wine industry is no exception. While consumers worry over increased prices of groceries and household goods, industry professionals brace for ongoing uncertainty in the global wine market. 'Trade is the lifeblood of the wine industry,' says John Barker, International Vine and Wine Organization (OIV) Director General, in a recent 2024 state of the industry address. 'One in every two bottles of wine is consumed outside its country of origin.' Reflect on that a moment…one in every two bottles. How does an industry that relies so heavily on global trade mitigate the impact of uncertainty and disruption? The answer depends on who's being asked. However, as Eric Asimov wrote in the New York Times, 'Pretty much everybody in the American wine world stands to lose something.' Since early February, President Donald J. Trump has announced, applied, withdrawn, and threatened so many different tariff scenarios it's hard to keep up. The 200 percent tariff threat has not come to fruition. The proposed 20 percent on European Union wine, 30 percent on South African wine, and 17 percent on Israeli wine are currently on 90 day pause. A general 10 percent tariff remains in effect on all imports from every country, including countries that import more goods than they export. Wine is included in this 10 percent. Additionally, Canada and Mexico are facing up to 25 percent tariffs on about half their U.S. exports. Prompting nine of Canada's ten provinces to remove American wine from stores and restaurants. Canada is the U.S. wine industry's biggest export market, at the tune of about $1 billion annually. While China is not a large export market for American wineries, it has been growing steadily—reaching $50 million in 2024. Additionally, many products American wineries use, such as glass, are produced in China. Uncertainty looms as to how long the 145 percent tariffs on Chinese imports will last. At time of publication, President Donald J. Trump indicates these tariffs will 'come down substantially,' but the timeframe remains unclear. 'It was hard to imaging tariffs taking affect at 200 percent,' says Travis Perez, Southern Glazer's Signature Fine Wine Division Account Representative. 'If 25 percent, that would still be detrimental, but can possibly be spread out, with importers and distributors taking a little so the full amount isn't on the consumer. It's so hard to plan because we don't know where the number will actually fall.' The wine (alcohol) industry operates in what is known as a three-tier system. When Perez speaks of spreading out tariffs so the full amount is not passed on to consumers, this three-tier system is what he is speaking of. The fear he shares is small wineries, importers, distributors, and retailers cannot absorb any of the tariff because their profit margins are too thin. 'This could lead to consolidation; employees will be let go,' he says. 'This will also impact domestic producers who rely on distribution to get their wines to retailers and restaurants because the remaining portfolios will expand so that they too will go unsold.' This is key: Tariffs also negatively impact American wineries because they too rely on distribution to reach retailers, and ultimately consumers. Consolidation means more wines for few distributors. Smaller wineries tend to lose in this scenario. 'Wine is non-fungible. You cannot replicate specific communes of Burgundy that were formed over millennia by planetary evolution. The more a wine reflects terroir, the harder it is to replicate.' Nicole Nowlin, Managing Director of Able Brown Augusta, is trying not to be reactive. She is storing what she can, but with a small footprint, the restaurant is unable to house a large wine inventory. She shares Perez's concerns about the impacts of tariffs on small businesses. 'Many importers, producers, retailers and restaurants are small businesses,' says Nowlin. 'Many I know are still recovering from the first round of tariffs in 2018, impacts of Covid, and rising costs in shipping and wine. The margins are so small and the ripple effects are huge. It can take years to recover. Subtext: It Sucks.' Her concern is small importers will have to forgo once a year allocations due to tariff inflated pricing. This risks the importer losing that wine allocation in the future. She fears producers will start selling more to China and other countries, impact many U.S. employees from dock workers, truck drivers, farmers, janitorial staff. 'There are a lot of faces we aren't thinking about who will be impacted. Not to be bleak, but small producers, importers, distributors, retailers, and restaurants will not exist. Is this what we want? We will become an industry of strip malls filled with big chains.' These professionals see wine as communal, connecting over stories and history. 'The more diverse a wine list the more interesting it is to customers,' says Nowlin. 'Wine is hospitality. In the restaurant we interact with our customers over wine, sharing stories of producers or vintage. We can't move everyone to cocktails and maintain the same connection.' Perez agrees, adding, 'Wine is non-fungible. You cannot replicate specific communes of Burgundy that were formed over millennia by planetary evolution. The more a wine reflects terroir, the harder it is to replicate.' Because Dallas's Quarter Acre focuses on Chef Toby Archibald's world travels and New Zealand roots, its wine list largely highlights Australian and New Zealand wine. In the past, this has allowed Jacob Fergus, Assistant General Manager and Beverage Director of Quarter Acres Restaurant, to be less concerned about tariffs. 'When I get a question about tariffs, in the context of dining room service, I usually turn that as a positive for our program which, usually, it is,' he says. 'New Zealand and Australia are not normally targeted in the same group as European Union wine producers so in previous tariff scenarios it has only improve the value proposition for these wines.' Ten percent tariffs are easier for the three-tier system to absorb, but the ongoing uncertainty poses challenges for planning. 'As for business planning, this is the most unpredictable part. Restaurants, with the exception of major national chains, are completely at the mercy of the distribution and supply steps before us with basically no control over the pricing,' he says. 'Wines can change prices without notice, sometimes even to the surprise of the distribution sales reps! The best we can do is react quickly as soon as we see any changes start to happen.' 'Wine is hospitality. In the restaurant we interact with our customers over wine, sharing stories of producers or vintage. We can't move everyone to cocktails and maintain the same connection," says Nicole Nowlin, Managing Director of Able Brown Augusta getty According to the OIV 2024 state of the wine industry address, production and consumption has slumped to its 1961 levels. Tariff uncertainty does not aid this decline. 'Trade is the lifeblood of the wine industry. It's a cultural exchange that is highly diverse and highly connected. It depends on stability, which is more important today than ever,' says OIV's Barker. Terri Burney, founder and owner of Winetastic Wine Bar in Dallas, recalls the 2019 tariffs and spoke to her suppliers in November 2024 to prepare for this round. She says many put wine on ships immediately after the election to be prepared for tariffs. 'As a small business, I can switch up my inventory quickly if need be. Shoot from the hip, as they say,' she says. 'For the next several months all is good. If this continues for years, that's another story.' Italian Wineries Remain Optimistic In Today's Uncertain Wine Market What If The Wine Industry Adopted A First Do No Harm Mentality?
Miami Herald
21-04-2025
- Business
- Miami Herald
Winemakers uncover a worrisome new problem
How do Americans cope with the everyday pressures of corporate jobs, parenting, and the ongoing stress of an economy in flux? The answer is simple: many crack open a bottle of wine when they get home for the day. Don't miss the move: SIGN UP for TheStreet's FREE Daily newsletter Americans consumed 899 million gallons of wine in 2023 alone, according to the Wine Institute, averaging 2.68 gallons per person. America is currently the world's top wine market. Despite what seems like a titanic amount of vino being bought and consumed, however, people are actually drinking less of it than historically they have in a very long time. Related: Popular diet drink brand adds alcohol In 2024, The International Organization of Vine and Wine (OIV) reported that worldwide consumption of wine fell to its lowest level in more than 60 years. The OIV also had more troubling stats to share. It reports that the consumer is now paying an average of 30% more for a bottle of wine than in 2019-2020. Since that time, overall consumption has plummeted by 12%. Canada's decision in early March to stop stocking U.S.-made liquors, wines included, also hit the industry hard. This comes in reaction to President Donald Trump's 25% tariff on nearly all goods from Canada and Mexico. Now, on top of those problems, winemakers are speaking up about a new issue that could prove catastrophic for the industry. Image source: Gillenea/AFP via Getty Images Like many other increasingly costly goods that worry consumers, wine is on track to get much more expensive in the near future. Part of that is about the way wine is packaged. For instance, wine corks are currently imported from Portugal and Spain. Once the 90-day tariff pause is up, should tariffs go into effect as planned, winemakers will face the 10% European tariff in order to get the corks they need for their products. The bottles that hold wine are a much bigger problem. Many vintners get their bottles from China, which is facing a 145% tariff. This will force many businesses to turn to a new source of bottles. Related: CEO of popular beer brand spots concerning consumer trend Some makers also import their bottles from Mexico, which could be facing a 25% tariff in the future. Perhaps the biggest issue for winemakers, however, is barrels. French oak barrels are the preferred option due to the flavor profile they lend wines. These often cost $1,000 or more, making them unaffordable for smaller wineries. "Not having French oak will drastically change the flavor profile of many wines," said Adolfo Hernandez, owner of Monroy Wines in Sonoma County, Calif., in an NPR interview. While a firm answer to this question is still up in the air, it's safe to say that wine drinkers might want to brace themselves for impact. In the aftermath of Trump's tariffs, Canada retaliated by pulling American-made wines from its store shelves and restaurants. The incident left a sour taste in Canadians' mouths, and they have taken to social media to show photos of empty store shelves. The move presents a huge problem for the wine industry. California Wine Institute's president and CEO Robert Koch said in a statement that "Canada is the single most important export market for U.S. wines with retail sales in excess of $1.1 billion annually." While no winemakers have announced price hikes just yet, their possible necessity continues to loom. "Where we are in our industry is bated curiosity mixed with fear, and trying to figure out an opportunity," Virginia Wineries Association President George Hodson told Axios. Related: Major tequila company makes huge tariff announcement The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
