Russia: Wine Market Overview

  |   Attaché Report (GAIN)   |   RS2021-0012

In 2019, Russia was the world’s ninth largest importer of wine in both volume and value. However, the Russian Ministry of Agriculture is focused on making wine production one of the key branches of agriculture in the country. While domestic wine production is growing, so have wine imports. In 2020, an increase in excise taxes, a decrease in real incomes, and the restrictions on the food service sector due to COVID-19 led to a 10 percent drop in wine sales compared to 2019. The new ‘Federal law on viticulture and wine-making in the Russian Federation,’ aims to support domestic wine producers by reducing the amount of counterfeit wine sold, under the guise of Russian wine, support domestic producers, and introduce a number of new regulations that could potentially impact the largest bulk wine suppliers in the Russian Federation.

Related Reports

Attaché Report (GAIN)

Burma: Rice Trade - Monthly

Post forecasts Burma’s rice exports lower in September due to the continued closure of all border checkpoints along the Burma-China border, poor demand from African and EU countries, and high shipping costs.
Attaché Report (GAIN)

China: China's Frozen French Fries Production Expands

China’s marketing year (MY) 2021/22 fresh potato production is forecast at 94 million metric tons (MMT), a 5 percent decrease over MY2020/21 primarily due to decreased acreage.
Attaché Report (GAIN)

India: Tree Nuts Annual

India recorded significant growth in almond, walnut, and pistachio imports in market year (MY) 2020/2021, increasing by 44, 20, and 34 percent, respectively, from MY 2019/2020.