Beer and wine production to drop in 2017 - report

Beer production in Poland will fall by 2.2 percent this year and will amount to 40.5 million hectoliters - according to the Institute of Agricultural and Food Economics (IERiGŻ) report. The Institute forecasts that foreign trade deficit of alcoholic products will reach €327 million. "Based on monthly data on production in medium and large enterprises, it is estimated that in 2017 beer production in Poland will decrease by 2.2 percent, to 40.5 million hectoliters. Wine production will reach 1.17 million hl and will drop by 13 percent y/y. Spirits industry will see a 1.6 percent increase to 1.3 million hl of 200 proof alcohol,” the report said. In 2016, the state budget revenues from excise duty on alcoholic beverages increased by 4.3 percent. up to PLN 11.6 billion and accounted for 17.6 percent of the total budgetary revenue from excise duty.