2024: France's champagne producers urge grape harvest reduction due to 15.2% wine sales drop amid economic uncertainty & overstocking.
France's champagne producers urged a reduction in grape harvest following a 15.2% decline in wine sales during the first half of 2024. The drop is attributed to economic uncertainty and overstocking by retailers in 2021 and 2022. Champagne shipments totaled 106.7 million bottles, approaching 2019 figures. This year's harvest faced weather challenges, with the maximum yield set at 10,000 kg per hectare.
July 19, 2024
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