FRANCE: Growers want unsold wine turned into methylated spirit
A report by The Times newspaper claims that French growers want Paris and Brussels to purchase unsold stocks in a 1.14bn (US$159bn) rescue package, where almost 10% of France's total wine production would end up as the type to be poured over Christmas puddings or as industrial alcohol.
Representatives were yesterday meeting with Jean Glavany, the French agriculture minister asking him to put Fr500m of taxpayers' money into the scheme. According to The Times newspaper European taxpayers would then be expected to meet the remaining Fr640m that it would cost to buy 500m hectolitres of unsold wine.
The European Union is reluctant to approve the plan after subsidising the purchase of 80m litres of unsold wine last year. However, Brussels is considering a proposal whereby farmers are paid to pull up 60,000 hectares of vines, leaving the fields empty.
Wine production in France has increased from 55m hectolitres in 1997 to 59m hectolitres last year. But falling sales has resulted in almost 1.5bn litres of wine being stocked in cooperative cellars and it is expected that millions more will be added after this year's harvest.
Market for Wine 2001
The global roll-out of InBev's Brazilian beer, Brahma, adds a third premium brand to the global brewer's international portfolio but some observers have suggested it's an unnecessary step which threat...
Brasserie Kronenbourg has clarified earlier reports about its entry into the low alcohol beer sector in France....
Costs relating to alcohol abuse in Sweden are on the rise, according to research out this week....
Police in eastern Kenya have said that at least 24 people died on Saturday after drinking illegally produced alcohol....
According to a recently published study, people who drink alcohol may have a lower risk of developing a type of cancer which affects the lymphatic system known as non-Hodgkin lymphoma (NHL)....
Diageo is calling for facts labels to be placed on alcohol beverages in the US....
Kenyan authorities are to ban beer and spirits advertising from television and billboards in the country, according to a local report late last week....
Post-menopausal women who consume even moderate amounts of alcohol may face an increased risk of breast cancer, according to a comprehensive US study....
- Diageo chief admits "tougher than expected" year
- Focus - Diageo's FY Performance by Region, Brand
- just The Preview - Diageo's FY preliminaries
- Will Diageo seize the day as "nadir" reached?
- Molson Coors CEO exit - Mega-Merger on hold?
- ASA bans Jägermeister TV ad
- Belvédère chairman to step down
- Diageo boosts exec committee
- Diageo silent over Shuijingfang writedown report
- Remy Cointreau names liqueurs & spirits CEO