The government approved the drastic plan amid falling demand and a huge surplus that is driving prices down The French government and the EU will shell out a total of €200 million ($216 million) to destroy wine surpluses in a country renowned for its centuries-old winemaking traditions, Agriculture Minister Marc Fesneau has said. Officials in Paris cited sluggish demand which resulted in overproduction and falling prices. Speaking at a press conference on Friday, Fesneau explained that the money is “aimed at stopping prices collapsing and so that wine-makers can find sources of revenue again.” The official also su
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