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(From Off Licence News)
Sherry's governing body has announced moves to boost quality and fight overproduction that will see a third of Jerez's vineyards grubbed up over the next three years.
Fedejerez will limit the DO's annual output to 562,500hl, or 112,000 casks, as part of the programme, which is in line with EU wine reforms and has been agreed by growers, co-operatives and bodegas, according to director general Bosco Torremocha.
EU cash will help sherry promote itself in new markets - such as the US and China - as well as financing grubbing up. Some producers will reduce existing stocks to comply with the new strategy.
Torremocha said: …