Italian wine is in trouble because of Covid. But there are those who are growing
The positive numbers of virtuous realities of the cooperative world: from Mezzacorona to Cavit, from Terre Cevico to Cantina Valpolicella Negrar
Trento,
In the Covid storm, the resilience and growth of wine cooperatives
Italian wine is in difficulty, for many wineries, in particular small ones, the end of the year 2020 will be in a loss, with drops that, in some cases, could reach -30/-40%, as estimated by many wineries (at the end of October, surveyed by WineNews), except for miraculous recoveries at the end of the year which, however, seem to be rather improbable. And yet, in an evidently negative panorama, there are also those who manage to resist, and even grow. A trend that emerges above all from some of the most important standard bearers of wine cooperation, names such as Mezzacorona, Cavit, Cantina Valpolicella Negrar and Terre Cevico (even if there is no lack of case histories of private bigwigs, such as Schenk Italian Wineries, the Italian division of the Schenk group, which estimates a closure of 2020 at +4% on 2019, at 115 million euros, just to mention the last one that announced it, ed). It must be said that the vast majority of cooperatives close their financial statements around the middle of the year, and therefore the reference period, in this case takes into account a rather positive and intense half of 2019, and a first part of 2020 that is however indicative, taking into account the hardest phase of the total lockdown between March and mid-May, and the first breath of summer recovery.