Many winegrowers farming in Moldova are under threat of bankruptcy due to an extremely low purchase prices for grapes, formed because of the glut of wine storage processors harvests of previous years.
In Moldova, on Monday began a massive cleaning of technical grapes - a week earlier than in 2008. However, as reported in the agro-industrial agency Moldova-Vin, this year was much more favorable for grapes than the last, as a rough lower rainfall and more sunny days.
Moldova-Vin predicts technical grape harvest in 2009, amounting to 640-670 thousand tons, of which, as expected, about 100-140 thousand tons will be sold in Romania and Ukraine. In 2008, the collection of technical grapes in Moldova amounted to 480 thousand tons.
Meanwhile, as noted by market participants because of the high degree of oversupplied wine from crops of previous years - in containers is the order of 24-28 million dal (made) - Many processing enterprises of Moldova will limit this year's purchase of grapes that will affect the procurement prices. According to experts, this season the average price of technical classes will be 10-15 cents per kilo, which could lead to bankruptcy of wine-growing farms, because the revenues from the sale of the grapes did not cover the cost of its cultivation.
As previously reported, Moldova in January-June 2009 exported wine production to $ 68.2 million, or 30% less than in the first half of 2008. Results were exported to more than 4.426 million made products, including in Russia - the main market for Moldovan products Wine - shipped over 1.277 million gave $ 21.4 million
general director Moldova-Vin Tudor Kopach reported in this connection Interfax that the decrease in exports due to the influence of the global financial crisis, which led to a decrease in demand for products in countries that are major importers of Moldovan wines and cognacs. In addition, changes in national currencies of these countries against the dollar and the euro has made the supply is not very profitable.
Moldova resume wine exports to Russia in November 2007 after the embargo that was imposed March 28, 2006 in connection with the low quality wines.
total area of vineyards in the country is over 100 thousand hectares. Thus the vast majority of space occupied by technical grades.
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