Cyprus wineries missing low-cost, high-margin sales

CYPRUS wineries ended the year with 17.1 million litres in stock; only 9.823 million were consumed, according to the latest statistics compiled by the Department of Agriculture and shared with the Cyprus Mail.
But it was the lack of consumption of wines in the lowest-price categories – which, including a large percentage of bulk wines, constitutes almost half of Cyprus production even today – that hurt Cyprus wineries’ earnings as these are the high-margin products.
Over the cour….. Read More On: Cyprus Mail