Covid-19 : Castex announces 80 million daides extra for the wine industry - The Point

Jean Castex, announced on Wednesday 5 August 2020 an additional envelope of € 80 million to support the vine-growers, hard hit by the consequences of the crisis

Covid-19 : Castex announces 80 million daides extra for the wine industry - The Point

Jean Castex, announced on Wednesday 5 August 2020 an additional envelope of € 80 million to support the vine-growers, hard hit by the consequences of the crisis of the sars coronavirus, during a visit to Sancerre. This envelope is added to the plan of aid by 170 million euros released in may by the previous government. "I have requested that the aid can be distributed as quickly as possible, because the cash flow needs (...) are strong," added the Prime minister.

Without going into detail, Jean Castex has specified that such aid would be intended to improve the storage of the surplus and to increase the distillation of unsold. "In any case, we made the choice, of course, allow these companies to pass this crisis in the best conditions possible," assured the tenant of Matignon, who came to network with local professionals at the maison des vins de Sancerre.

Read also The great wines of Burgundy do not want to end up in a hydroalcoholic gel

1,5 billion euro shortfall

The Prime minister had visited previously in another area of the Cher, on an organic farm in Menetou-Salon. "Quality, quality, quality, that is the spearhead of our viticulture, it is necessary to encourage the quality," argued Jean Castex. "We must encourage the political sector to prepare for this transition environmental ", he also pointed out promising a " support State ".

In total, the winemakers believe that the health crisis has created a shortfall of at least 1.5 billion euros due to the shutdown of bars, restaurants, festive events and tourism. The crisis of the novel coronavirus is also added to the effect of the u.s. sanctions imposed in late 2019 on the wines of less than 14 degrees (excluding sparkling wines), in retaliation for a trade dispute between Airbus and Boeing.

Updated Date: 05 August 2020, 08:33

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