France to spend €200M on destroying excess wine as demand falls
theguardian.com
theguardian.com
There’s definitely a growing sobriety movement, at least in the US, I’ve noticed a major shift in bars accommodating non-drinkers in the last couple of years.
I've never really done it myself, but I've had several friends over the years who didn't drink, and their social lives seemed fine.
If good wine, wouldn't they just store it and wait for the prices to go up again limiting production?
I do not know which kinds of wine are to be destroyed, but I’d hazard a guess that it isn’t the kind that ages well.
There is definitely more non-alcoholic consumption in the UK, with the major supermarkets allocating larger sections for AF beer. I don't know about the situation in France, but it would hit exports here in addition to Brexit problems.
I presume you are implying that the folks who aren't going sober will just consume more to offset if prices decrease, but there is going to be a limit to the amount they can.
Plus the article says the alcohol from the destroyed wine can be reused - seems like a bit of an effort to go through given the alcohol content of around 12%.
The entire point of this is to decrease the oversupply of wine. If anything this would make it worse assuming some proportion of the wine they bought would’ve been exported.
> the people have paid for the wine
Yes, it’s definitely unfair. So are gazilions of other subsidies paid out by most governments.
France has been over-producing low-quality wine for a long time, mostly in the south as referenced in the article. These bottles normally sell for 2-5 euros at retail within Europe. There is a massive amount of competition at this price point.
Also not mentioned in the article is that French wine is falling out of favor in lower price categories. Spanish and Portugese wines are growing in popularity as are so-called "natural" wines.
You don’t want to lose the capacity to produce vital products like wine or cheese in case some unexpected event happens.
What if 30% of all wineries close and you have a severe drought in a few years. It would result in a extreme humanitarian tragedy…
If winemakers produce wine that the market does not want they should change or go under.
No, in France there are two aspects: first, the wine lobby is powerful. Second, vineyards and wine are seen are very symbolically important for the country and its identity, down to how the countryside looks.
Maybe they could send/smuggle it to others countries (e.g. Scandinavia) and sell it at 50% of what they paid though.