French winegrowers have not yet completely emerged from the crisis. With exports estimated at 18 billion euros and a trade surplus of 15.5 billion euros, the wine sector is located just behind aeronautics in these two performance indicators. However, the president of the Independent Winegrowers of France recalls that it is “a profession that has experienced a succession of multifactorial, geopolitical, climatic, economic and, today, inflationary crises.” “Our companies are extremely fragile today, especially since rising costs and inflation have reduced all our margins,” explained Jean-Marie Fabre on the set of BFM Business this Friday.
PGE transformed into subsidized loans
The representative of independent winegrowers also insisted on the approximately 600,000 direct and indirect jobs that the sector represents in the 22,000 municipalities it covers in 66 different departments: “In our wine-growing territories, we are the first employer in France behind the public service “And it is a job that cannot be relocated. “Therefore, there is a double challenge of performance in French territories and of influence and economic performance of France.”
Jean-Marie Fabre thus spoke of his exchange with the Minister of Agriculture, Marc Fesneau, and with the delegate minister responsible, among other things, for SMEs, Olivia Grégoire, present on Friday at the Wine Show of the Independent Vineyards of Paris. “We told them that France had to be there in the face of this hyperfragility. We asked to temporarily relieve the pressure on our outstanding assets to oxygenate treasuries and continue revitalizing the entire sector through employment and business.” In this sense, he has welcomed the transformation of the PMA granted to companies in the sector into subsidized loans, which “allow the debt to be expanded over time.”
Source: BFM TV
