- cross-posted to:
- worldnews@lemmygrad.ml
- cross-posted to:
- worldnews@lemmygrad.ml
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.
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To avoid price collapse and still sell it they could create a generic label to bottle it under and export it. They could probably sell it near the original price in the US with a good marketing campaign.
This is the best summary I could come up with:
It comes amid a cocktail of problems for the industry, including a falling demand for wine as more people drink craft beer.
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.
In a bid to cut back on the overproduction, money will also be available for winegrowers to change to other products, such as olives.
In funnelling the money into the industry, the French government aims to stop “prices collapsing… so that wine-makers can find sources of revenue again”, Agriculture Minister Marc Fesneau said.
Despite the financial help - an initial EU fund of €160m which the French government topped up to €200m - the wine industry needs to “look to the future, think about consumer changes … and adapt”, he added.
European Commission data for the year to June shows that wine consumption has fallen 7% in Italy, 10% in Spain, 15% in France, 22% in Germany and 34% in Portugal, while wine production across the bloc - the world’s biggest wine-making area - rose 4%.
The original article contains 211 words, the summary contains 185 words. Saved 12%. I’m a bot and I’m open source!
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 🙄
Is just marking it down not an option?
Not when you’re propping up billionaire monopolists.
You know what would drive demand up ? Cheap wine.
Businesses should be forced to donate unsold food products
So all I have to do to get millions of euros from the government is produce a bunch of shit that nobody wants?
Paid for by people who produced things that people did want.
That’s how the whole economy works, financed straight off the money printer at the top. Launder a percentage for yourself and burn the rest on a bonfire.
I’d do it for them for half that!
A few months ago didn’t the country have riots about how the government tried to raise the retirement age? Shows where the priorities are
The government is terrified of the agricultural holders union.
So they will do anything to try to keep them happy.
The government is terrified of the agricultural holders union.
So they will do anything to try to keep them happy.
I volunteer as tribute to take a bite of of this deplorable situation
Crazy they couldn’t just export it. Bunch of countries love wine
Globally there’s a glut of low quality wine.
Tarrifs and shipping costs eat up too much profit margin.
Why dont they turn it into vinegar?
That’s a bummer, but I do appreciate how France supports it’s artisanal culture and producers. It’s nice being able to have a decent glass of wine at just about any brasserie or cafe in Paris for under 10 euro. In the US it is like 12 bucks a glass for some pretty mediocre wine.
French here
None of this money will ever end in anything artisanal
This is for industrial wine and big lands owners that fund mains politicals parties
Then they will have another round of public money because of bad weather, then another because ebil chileans do better and cheaper whine then another because of so much money we have to salary accountants to put all of this in tax havens
Those scams are running since decades
As an American, I am seething
The works of the roots of the vines, of the trees, must be destroyed to keep up the price, and this is the saddest, bitterest thing of all.
Grapes of Wrath
Hand sanitizer is all French wine is good for anyway.
