Weekend Argus (Saturday Edition)

French wine slump

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PARIS: French wine production may fall 17% this year to a record low after spring frosts damaged vineyards, notably in the Bordeaux region.

The farm ministry estimated the wine production in France, the world’s second-largest producer, at 37 million to 38.2 million hectolitre­s, down from 45.5 million in 2016.

The median value, at 37.6 million hectolitre­s, would be less than last year’s, and 16% below average. That would be “historical­ly low” and less than in 1991, when vines were also badly hit by frosts.

Wine growers used candles, heaters and even the downdraugh­t from helicopter­s during the cold snap in April to try to save crops. – Reuters

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