Food Industry
Industry: Email Alert RSS FeedFrench Wine Producers Want Unused Stocks Turned into Cooking Brandy
Food & Drink Weekly, Oct 1, 2001
French wine growers are calling for millions of liters of wine to be turned into methylated spirits or cooking brandy, blaming falling sales and a declining market share abroad for the unsold stock. A report by The Times newspaper claims that French growers want Paris and Brussels to purchase unsold stocks in $159 billion rescue package, where almost 10% of France's total wine production would end up as the type to be poured over Christmas puddings or as industrial alcohol.
Representatives were yesterday meeting with Jean Glavany, the French agriculture minister asking him to put Fr500 million of taxpayers' money into the scheme. According to The Times newspaper, European taxpayers would then be expected to meet the remaining Fr640 million that it would cost to buy 500 million hectolitres of unsold wine.
Most RecentFood Articles
The European Union is reluctant to approve the plan after subsidizing the purchase of 80m liters of unsold wine last year. However, Brussels is considering a proposal whereby farmers are paid to pull up 60,000 hectares of vines, leaving the fields empty.
Wine production in France has increased from 55 million hectolitres in 1997 to 59 million hectolitres last year. But falling sales has resulted in almost 1.5 billion liters of wine being stocked in cooperative cellars and it is expected that millions more will be added after this year's harvest.
Brought to you by CBS MoneyWatch.com
- Best- and Worst-Paid College Degrees
- 6 Things You Should Never Do on Twitter or Facebook
- How Much Sleep Do You Really Need?
- 6 Big Myths about Gas Mileage
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- LIFO vs. FIFO: a return to the basics


