Commodities and Futures News

Mixed year for French wine but champagne fizzes

2023.08.08 06:09


© Reuters. FILE PHOTO: Bottles of Champagne are seen on display for sale in a wine shop in Paris, France, December 20, 2022. REUTERS/Sarah Meyssonnier/File Photo

PARIS (Reuters) – French wine production in 2023 is expected to be near the average of the last five years, with a favourable outlook in Champagne and Burgundy contrasting that in disease-hit Bordeaux, the French farm ministry said.

Overall wine output is projected to be between 44 million and 47 million hectolitres, a range that encompasses both the five-year average of 44.5 million hectolitres and 2022 output of 46.1 million hectolitres, the ministry said in a report on Tuesday.

A hectolitre is the equivalent of 100 litres, or 133 standard wine bottles.

“The situation in the different production regions is … contrasting,” the ministry said. “The Bordeaux and southwest regions are particularly affected by outbreaks of mildew.”

Frequent storm showers and hot weather during May and June created the conditions for mildew, which has meant production forecasts are tentative for those areas, the ministry added.

Falling demand for red wines, which are out of fashion with younger drinkers, prompted the government to offer producers aid this year.

Persistent drought meanwhile was expected to lower output in the Languedoc-Roussillon region in the far south, the ministry said.

But the situation was favourable elsewhere, with the growth of grapes boosted by ideal weather during the flowering period and by rain at the start of summer, it said.

“In most wine zones production should be above the five-year average or near it,” it said.

Output was seen surpassing the five-year average in Champagne, where frost and hail caused limited damage this year, and also in Burgundy, despite some mildew cases, the ministry added.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 75,202.15 1.11%
vested-xor
Vested XOR (VXOR) $ 3,405.08 99,999.99%
ethereum
Ethereum (ETH) $ 2,809.65 6.11%
tether
Tether (USDT) $ 1.00 0.06%
solana
Solana (SOL) $ 188.93 1.32%
bnb
BNB (BNB) $ 593.77 1.65%
usd-coin
USDC (USDC) $ 1.00 0.03%
xrp
XRP (XRP) $ 0.545913 2.79%
dogecoin
Dogecoin (DOGE) $ 0.190394 1.50%
staked-ether
Lido Staked Ether (STETH) $ 2,807.47 6.03%
tron
TRON (TRX) $ 0.160289 2.28%
cardano
Cardano (ADA) $ 0.377746 6.50%
the-open-network
Toncoin (TON) $ 4.88 3.71%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,335.22 6.74%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 75,169.14 1.21%
shiba-inu
Shiba Inu (SHIB) $ 0.000019 0.31%
avalanche-2
Avalanche (AVAX) $ 26.90 2.23%
weth
WETH (WETH) $ 2,811.75 6.36%
chainlink
Chainlink (LINK) $ 12.29 3.79%
bitcoin-cash
Bitcoin Cash (BCH) $ 377.66 3.15%
sui
Sui (SUI) $ 2.29 0.14%
polkadot
Polkadot (DOT) $ 4.09 0.55%
leo-token
LEO Token (LEO) $ 6.28 1.32%
usds
USDS (USDS) $ 0.986141 0.91%
uniswap
Uniswap (UNI) $ 9.02 1.78%
litecoin
Litecoin (LTC) $ 70.93 1.47%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,960.18 6.40%
near
NEAR Protocol (NEAR) $ 4.16 1.70%
aptos
Aptos (APT) $ 9.63 3.57%
pepe
Pepe (PEPE) $ 0.00001 10.47%
bittensor
Bittensor (TAO) $ 513.57 1.56%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.39 0.29%
internet-computer
Internet Computer (ICP) $ 7.63 0.05%
dai
Dai (DAI) $ 1.00 0.07%
monero
Monero (XMR) $ 165.01 1.76%
ethereum-classic
Ethereum Classic (ETC) $ 19.85 3.85%
kaspa
Kaspa (KAS) $ 0.117445 0.35%
stellar
Stellar (XLM) $ 0.098599 2.43%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.13%
whitebit
WhiteBIT Coin (WBT) $ 19.37 0.24%
aave
Aave (AAVE) $ 180.66 10.57%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.341511 5.00%
blockstack
Stacks (STX) $ 1.66 0.16%
okb
OKB (OKB) $ 40.13 2.50%
crypto-com-chain
Cronos (CRO) $ 0.086913 3.47%
first-digital-usd
First Digital USD (FDUSD) $ 1.00 0.41%
dogwifcoin
dogwifhat (WIF) $ 2.34 0.75%
arbitrum
Arbitrum (ARB) $ 0.570447 9.04%
filecoin
Filecoin (FIL) $ 3.72 3.36%
mantle
Mantle (MNT) $ 0.63855 8.35%