Struggling Bordeaux wine producers offered aid to clear stocks - BusinessWorld Online

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Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

France will provide subsidies to wine producers in regions like Bordeaux to offload surplus supplies, the agriculture ministry said on Monday, as the renowned industry struggles with declining consumption. READ:

As a short-term measure, the government will channel up to €160 million of national and European Union aid this year for distilling surplus stocks into alcohol, the ministry said in a statement after a meeting with industry representatives.to absorb excess supplies caused by the closure of French bars and restaurants during the COVID-19 pandemic.

The government will also study longer-term measures for the wine industry to adapt to climate change, consumer trends and export demand, the ministry said. A crisis committee has been set up in Bordeaux by the local prefect to look into steps including pulling up some vineyards to counter disease, it added. —

 

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Belgique Dernières Nouvelles, Belgique Actualités