Russia: The volume of production of wine materials in the North Caucasus has increased 1.5 times over five years

Published 2024년 7월 15일

Tridge summary

The article reports on the significant growth of the wine industry in Russia's North Caucasus region, with a 1.5-fold increase in wine material production from 2018 to 2023, reaching 73.9 million decaliters. The industry has seen a 45% increase in production and a substantial growth in the number of wine products available. The North Caucasus Federal District, particularly Dagestan, is a major contributor to this growth, with plans to expand vineyard cultivation areas. Preferential loans from the Russian Ministry of Agriculture are supporting these expansion efforts, aimed at reducing reliance on imported wine materials. The total investment in the industry is 15 billion rubles, creating 1.5 thousand jobs and increasing grape production. The Caucasus Investment Forum, serving as the main media partner of the event, highlights Russia's commitment to supporting its wine industry and the potential for further growth.

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Original content

The volume of production of wine materials in the North Caucasus increased 1.5 times from 2018 to 2023, Denis Konstantinov, Deputy Chairman of the Board of Rosselkhozbank, told TASS at the Caucasus Investment Forum. “We are observing active growth and development of the wine industry in Russia. The volume of production of wine materials has increased by 45% since 2018 and at the end of 2023 amounts to 73.9 million decaliters. The range of Russian wines over the past five years has also increased from 900 to 7,000 items. In addition, the North Caucasian Federal District accounts for 25% of the enterprises of the total number of wine producers in the country, where the main player is the Republic of Dagestan,” Konstantinov said. According to him, the current plan of projects to expand the area of vineyard cultivation throughout the country totals almost 9.9 thousand hectares. At the same time, 6.4 thousand hectares have already been laid out and are awaiting reaching the design ...

Source: Kvedomosti