2023-08-30 07:16:02
France announces funding to destroy wine due to low demand. France has announced a financial assistance of Rs 1,787 crore. The liter of wine that is standing in the market should be destroyed. This intervention of the government is to help the producers who are facing huge financial setbacks. Later, the French government also announced a large amount of aid.
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The French Minister of Agriculture said that the aid was announced with the aim of preventing a fall in prices. In this way producers can find new ways of income. An increase in people’s consumption of alcohol has reduced the demand for wine. As consumers for wine decreased, producers were forced to cut wine prices sharply. However, liters of wine products are piling up in outlets and factories.
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Similarly, the covid situation has also changed people’s consumption of alcohol. It is decided to use the alcohol in the spoiled wine for sanitizers, cleaning products, perfumes etc.
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