France Destroying Surplus Wine
France is planning to destroy more than 80 million gallons of wine. Here's what it will be used for instead.
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France is planning to destroy more than 80 million gallons of wine. Here's what it will be used for instead.
France is preparing to destroy some 80 million gallons of wine to help its farmers in wine-producing areas to cope with a sharp fall in prices, as consumption decreases and overproduction has further complicated the situation. For this purpose the European Union has granted an initial 160 million Euros, topped to 200 million Euros by the French government, Agriculture Minister Marc Fesneau told reporters at a press conference.
The French government will spend €200 million (£171.5 million) destroying surplus wine in a bid to shore up prices and support struggling producers.
Several major wine-producing regions in France – particularly the vinyards of Bordeaux – are grappling with changes in consumption habits, the cost-of-living crisis and the after-effects of Covid-19…
The French government will pay its wine producers some $216 million to destroy nearly 80 million gallons of surplus vino they were unable to sell.