The European Commission extends the validity of unused vineyard planting permits for 3 years

The European Commission (EC) will extend for three years the validity of unused vineyard planting authorisations, which expire in 2024 and 2025, for producers who renounce them in order to avoid an excess of supply and accumulation of stocks. This is stated in a regulation published this Tuesday in the Official Journal of the European Union (OJEU), which details that it will be the Member States of the European Union, no later than March 31, 2025, that must inform the EC of the wine-growing regions in their territory that are going to benefit from this extension. The EC has taken this decision after verifying that the European Union wine market is experiencing disturbances due to the reduction in internal consumption and the weakening of exports to third countries of certain categories of wines, particularly red wines. This creates recurring situations of oversupply and stock accumulation in the affected wine-growing regions, which persist despite the exceptional measures adopted ...