French Wine Prices Poised To Rise In 2017
It is likely that the prices of French wine in supermarkets across Europe, as well as further afield, will increase in 2017, as a knock-on effect of a dip in grape production – a shortfall brought about by poor weather in some of France’s key wine-producing regions.
The départements of Charente and Champagne have been affected, as has Beaujolais, the Appellation d'Origine Contrôlée spread over Rhône-Alpes and Saône-et-Loire.
France’s grape production for the current year is expected to have fallen by 10%.
News of the depleted stocks comes from France’s Ministère de l'Agriculture, specifically from a finding by the FranceAgriMer, which confirmed that frost and hail have reduced harvestable vineyards in the affected regions.
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Peter Donnelly. To subscribe to ESM: The European Supermarket Magazine, click here.