Bulgarian wine will increase in price

Published 2024년 2월 15일

Tridge summary

Yordan Chorbadjiyski, the chairman of the Management Board of the National Chamber of Vine and Wine in Bulgaria, has forecasted a minor price increase of 2-3% for Bulgarian wines in 2024. This is due to the higher grape prices in 2023, resulting from lower yields caused by unfavorable weather conditions. He also highlighted the domestic trend of increased sales of white and rosé wines over reds and advocated for equalizing Bulgarian wine sector subsidies with European ones to enhance global competitiveness.

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Original content

A slight increase in the prices of Bulgarian wines is expected in 2024. This is what the chairman of the Management Board (MB) of the National Chamber of Vine and Wine (NLVK) in Bulgaria Yordan Chorbadjiyski predicted before BTA. According to him, the price increase will be minimal - within 2 or 3 percent, and the reason is the higher price of grapes in 2023, during which lower yields were reported due to unfavorable weather conditions in our country. "The grapes were smaller, but the quality was good. The price was 10-15 percent higher. So yes, our accounts show that there will be an increase in the price of Bulgarian wine, but it will not be shocking," he said Chorbadzhii. He added that the trend that has been observed for several years with the sale of more white and rosé wines on the domestic market at the expense of reds is being maintained. One of the reasons is the wine culture of Bulgarians, who prefer to consume homemade wines. "In Bulgaria, boxed wines are the most ...

Source: Duma