▲ 272 ▼ France to spend €200m destroying wine as demand falls (www.bbc.com) submitted 2 years ago by MicroWave@lemmy.world to c/world@lemmy.world 66 comments fedilink hide all child comments 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.
▲ 46 ▼ France destroys wine stocks due to lack of demand; only in capitalism. (www.bbc.com) submitted 2 years ago by Ronin_5@lemmygrad.ml to c/worldnews@lemmygrad.ml 11 comments fedilink hide all child comments