Struggling Bordeaux Wine Producers Offered Aid to Clear Stocks
France will provide subsidies to wine producers in regions like Bordeaux to offload surplus supplies, the agriculture ministry said on Monday, as the renowned industry struggles with declining consumption. Falling demand for red wine, as French consumers drink less alcohol or turn to other wine categories, has hammered the sector in Bordeaux, even as champagne makers have been toasting record sales. As a short-term measure, the government will channel up to 160 million euros ($172.03 million) of national and European Union aid this year for distilling surplus stocks into alcohol, the ministry said in a statement after a meeting with …