Staff writer
AN IMPACT assessment on the trade of alcohol during lockdown, compiled by the Western Cape Department of Agriculture, has found micro cellars and craft breweries were hardest hit by sales bans.
Titled the Economic Impact of Government Restrictions on Domestic and International Trade of Alcohol, Optimal Agricultural Business Systems did the research, and the Bureau for Food and Agricultural Policy did the modelling.
It summarised, among other findings, that the smaller players in the industry were hardest hit by the trade ban, while bigger, particularly foreign-based multinationals, were the least affected.
It noted that 30% of craft breweries have already closed their doors, and 90% of the balance are at risk.
“Compared with the 2019/20 harvest, wine prices received in the 2020/21 harvest is down 18%, leading…
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Cape Times (Digital) - 1 Issue, 2021-07-28