-
Fritz takes 250th hardcourt win in ATP Washington opener
-
West Indies lead Pakistan by 155 at close of third day
-
US singer D4vd to stand trial in killing of teenage girl
-
Ramsay-Peaty beaten again as Australia reign supreme in Commonwealth pool
-
Sudan RSF leader 'unleashes' fighters after army gains in Kordofan
-
IMF boss hails 'much sounder' Argentine economy under Milei
-
Ramsay-Peaty to learn lessons for LA after missing out on Commonwealth gold
-
HIV progress in 'real danger' as global funding plummets
-
Spain wildfire burns campsite to ash, leaving tears and despair
-
Commonwealth Games as 'training day', says Olympic champion McClenaghan
-
'Thrilled' 76ers sign James with eyes on NBA title run
-
Trump says 'good chance' of progress in Iran talks as foes hold fire
-
Brazil's Amazonia theaters earn UNESCO World Heritage status
-
Renault to face criminal trial in France over dieselgate
-
Fury of fire-ravaged French village at being 'sacrificed' for millionaires' peninsula
-
Trump sees 'good chance' for Iran deal, warns strikes could resume
-
Border crossings shut as heavy snow coats Argentine Andes
-
India activists demand release of detained 'cockroach' protesters
-
Singer Carly Simon diagnosed with Parkinson's: statement
-
LVMH says growth accelerates in second quarter
-
Burnham meets Zelensky, pledges new 'Stone Cloak' for Ukrainian drones
-
France and Spain race to contain fires before new heatwave
-
Newcastle winger Barnes signs long-term contract extension
-
Wildlife face 'catastrophic' losses as France's forests burn
-
Iran, US hold fire as Saudi Arabia intercepts drones
-
UN lists South Sudan antelope route as heritage in danger
-
Chad says will withdraw from the International Criminal Court
-
German govt vows to toughen laws after jihadist attack on Pride event
-
UK funeral director faces jail over bodies left 'on racks'
-
What are 'fire clouds', the ominous phenomenon seen in France?
-
German authorities criticised after Pride attack
-
'Fresh' Evenepoel answers Tour de France questions
-
Flooding forces residents to flee homes by boat in Pakistan
-
Paris police arrest man who wounded three women with knives
-
Polish village puts faith in Europe's tallest Virgin Mary statue
-
German sports carmaker Porsche to cut 5,000 jobs by 2035
-
Farmers help battle French forest inferno before new heatwave
-
Oil prices slump as US and Iran pause strikes
-
Heat, overcrowding, pushes Italian prison guard union to sue
-
South Africa's Ramaphosa calls for African action on migration
-
UK TV comedy star and naturalist Bill Oddie dies at 85
-
German creator of 'Body Worlds' anatomy exhibits dead at 81
-
AstraZeneca profit rises on strong cancer drug sales
-
Explosions, red flags: Chinese tourists reenact communist victory
-
Olympic triathlon champ Beaugrand to sit out European athletics
-
Oil prices sink as US and Iran pause strikes
-
Spain races to contain blazes before temperatures rise
-
Philippines' Marcos says 'perhaps time to revisit nuclear energy'
-
Pirlo bitter over debate that cost him Italy coaching job
-
France forest fire wanes ahead of new heatwave
France, EU to spend 200 mn euros on destroying excess wine
The French government announced Friday that 200 million euros ($216 million) would be set aside to fund the destruction of surplus wine production in a bid to support struggling producers and shore up prices.
Several major wine-producing regions in France, particularly the famed Bordeaux area, are struggling because of a cocktail of problems from changes in consumption habits, the cost-of-living crisis and the after-effects of Covid-19.
A fall in demand for wine has led to over-production, a sharp fall in prices, and major financial difficulties for up to one in three wine makers in the Bordeaux region, according to the local farmers' association.
An initial European Union fund of 160 million euros for wine destruction has been topped up to 200 million euros by the French government, Agriculture Minister Marc Fesneau told reporters at a press conference on Friday.
The money was "aimed at stopping prices collapsing and so that wine-makers can find sources of revenue again," but he stressed that the industry needed to "look to the future, think about consumer changes ... and adapt."
The southwest Languedoc region, the country's largest wine area known for its full-bodied reds, has also been hit hard by the fall in wine demand.
The alcohol from destroyed wine can be sold to companies for use in non-food products such as hand sanitiser, cleaning products, or perfume.
"We're producing too much, and the sale price is below the production price, so we're losing money," Jean-Philippe Granier from the Languedoc wine producers' association told AFP earlier this month.
The agriculture ministry also announced 57 million euros in June to fund the pulling up of around 9,500 hectares of vines in the Bordeaux region, while other public funds are available to encourage grape-growers to switch into other products, such as olives.
- Output up, sales down -
Europe last suffered a so-called "wine lake" in the mid-2000s, which forced the European Union to reform its farm policy to reduce the massive overproduction of wine which was being stimulated by its own subsidies.
The 27-member bloc still spends 1.06 billion euros annually on the sector, according to EU figures.
As well as a long-term trend of consumers switching into beer and other alcohols, the industry was badly hit by the Covid-19 crisis which shut restaurants and bars worldwide, leading to a sharp fall in sales.
Recent rises in the price of food and fuel, linked to rocketing global energy prices and the invasion of Ukraine, have also seen buyers reduce their spending on non-essential goods such as wine.
While approving emergency help for the sector in June, the European Commission said that wine consumption for the current year was estimated to have fallen 7 percent in Italy, 10 percent in Spain, 15 percent in France, 22 percent in Germany and 34 percent in Portugal.
Wine production in the bloc, the world's biggest wine-making area, rose 4.0 percent.
The Commission said the worst affected vineyards were those producing red and rose wines from certain regions of France, Spain and Portugal.
B.Shevchenko--BTB