A cocktail of problems has hit the wine industry, including demand falling as more people drink craft beer.

The French government is allocating €200m (£171.6m) to destroy surplus wine and support producers.

It comes amid a cocktail of problems for the industry, including a falling demand for wine as more people drink craft beer.

Overproduction and the cost of living crisis are also hitting the industry.

Most of the €200m will be used to buy excess stock, with the alcohol sold for use in items such as hand sanitiser, cleaning products and perfume.

  • nomadjoanne@lemmy.worldEnglish
    172·
    1 year ago

    Damn. I’m much more of a craft beer person, but this is sad. Is just marking it down not an option?

    Edit: Oh, never mind. They want to stop prices collapsing. Yeah, sounds like France. Forever bailing out their farmers 🙄