Wine production in France falls to 70-year low
The Ministry of agriculture of France warns: by the end of 2026, the wine industry of the country can show the most modest result in the last 70 years. CNBC reports. The drop in release is observed for the third season in a row, and there are several reasons for this.
The Ministry of agriculture of France warns: by the end of 2026, the wine industry of the country can show the most modest result in the last 70 years. CNBC reports. The drop in release is observed for the third season in a row, and there are several reasons for this.
This year brought wine growers several periods of extreme heat, which seriously hit the harvest. Jean-Marie Cardeba, Head of the Department of Wine and Spirits at the INSEEC Grande Ecole, said: Today there is no corner of France where you can not be afraid of unusually high temperatures.
Another factor is the decline in demand for alcohol in the country. In 1960, about half of the French drank wine every day, but now only one in ten do.
Over the past 5 years, inflation and increased customs duties have played a role. Sales fell, and unsold products accumulated in warehouses. Because of this, vineyards are uprooted.
In Bordeaux alone, vines have been removed from about 20,000 hectares since 2023. Now the vineyards of this region occupy 83 thousand hectares.
In France burned half of the grapes for wineries
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