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Portugal Doubles Down on Cork After Demand Revives in Wine Business

Page created: Wednesday, 28 March 2018 10:20 GMT

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Cork  Wine. Sectors

Four months after deadly fires ripped through Portuguese forests and villages, Prime Minister Antonio Costa picked up a spade and planted a cork oak tree.

The move was aimed at offering hope to communities that lost everything to some of the worst blazes in Portugal and to prevent future conflagrations — oaks are more resistant to fires than eucalyptus and pine forests. For Corticeira Amorim SGPS SA, the world’s biggest exporter of cork products, the call for more oak couldn’t have come at a better time.