SG Talk

Myriam LEMETAYER and Adam PLOWRIGHT
Fri, 25 August 2023 at 8:48 pm SGT


The French government announced Friday that 200 million euros ($216 million) would be set aside to fund the destruction of surplus wine production in a bid to support struggling producers and shore up prices.

Several major wine-producing regions in France, particularly the famed Bordeaux area, are struggling because of a cocktail of problems from changes in consumption habits, the cost-of-living crisis and the after-effects of Covid-19.

A fall in demand for wine has led to over-production, a sharp fall in prices, and major financial difficulties for up to one in three wine makers in the Bordeaux region

......

An initial European Union fund of 160 million euros for wine destruction has been topped up to 200 million euros by the French government

......

The money was "aimed at stopping prices collapsing and so that wine-makers can find sources of revenue again,"


https://sg.style.yahoo.com/france-eu-spe...42110.html

Price manipulation.

Dame like milk production in Canada. Quota hit, had to pour excessive milk into drainage. Protect milk prices and cannot give free away too.

knn, no wonder global warming. can open it n turn it vinegar n sell cheap mah

(26-08-2023, 03:17 PM)Levin Wrote: [ -> ]Myriam LEMETAYER and Adam PLOWRIGHT
Fri, 25 August 2023 at 8:48 pm SGT


The French government announced Friday that 200 million euros ($216 million) would be set aside to fund the destruction of surplus wine production in a bid to support struggling producers and shore up prices.

Several major wine-producing regions in France, particularly the famed Bordeaux area, are struggling because of a cocktail of problems from changes in consumption habits, the cost-of-living crisis and the after-effects of Covid-19.

A fall in demand for wine has led to over-production, a sharp fall in prices, and major financial difficulties for up to one in three wine makers in the Bordeaux region

......

An initial European Union fund of 160 million euros for wine destruction has been topped up to 200 million euros by the French government

......

The money was "aimed at stopping prices collapsing and so that wine-makers can find sources of revenue again,"


https://sg.style.yahoo.com/france-eu-spe...42110.html

Too many producers.?

Steady lah ... destroy wine ... by fuku into mediterranean?

Donate to poor countries more ethical.