For the New Year holidays, production volumes of sparkling wines in the Russian Federation will increase by 10% and there will be no increase in prices

The volume of production of sparkling wines in Russia for the upcoming New Year holidays will increase by within 10% compared to last year; an increase in the price of domestic products is not expected; they will remain more affordable for buyers than imported ones. Manufacturers and industry experts told TASS about this. Due to the increase in import duties, experts previously predicted an increase in prices for imported champagne and sparkling wines for the New Year holidays. For example, the director of the Center for Research of Federal and Regional Alcohol Markets (CIFRRA) Vadim Drobiz told reporters that the rise in price of products from France, Italy, Spain and Portugal could reach 42-50%. At the same time, the head of the analytical department of Rosalkogoltabakkontrol, Polina Yakuba, noted that the increase in import duties on wine led to an increase in the share of Russian wine products on the market to 53.8% from 52.5%. And the volume of retail sales of grape wine, ...