FRANCE: Bordeaux winemakers' financial hardships
Between 500 to 1,000 Bordeaux wine growers are said to be experiencing financial difficulties as poor market conditions continue to dog the sector.
The results come from a survey on the state of the profession initiated by local farming body, La Chambre d'Agriculture de Gironde, in association with the Bordeaux wine trade federation, the Conseil Interprofessionnel du Vin du Bordeaux (CIVB).
The CIVB says that while the upheaval in the sector could well lead to bankruptcies and the sale of properties, it is not possible to put a figure on how many businesses risk going to the wall.
"One just has to see the current (low) level of bulk wine prices to recognise the financial plight that some growers must be in, " a CIVB official told just-drinks.
The two industry groups, along with other local partners, have set up a support framework for Bordeaux's struggling wine-growers in the form of business advice and technical help.
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