.comment-link {margin-left:.6em;}

 The image “http://photos1.blogger.com/img/18/3404/640/NewsORamaLogo-rev1.jpg” cannot be displayed, because it contains errors.

Sunday, May 29, 2005
  I just can't quite find it in me to 'feel their pain'
Finance24 : French wine exports drowning: "Paris - French wine exports sank again in the first quarter of 2005 confirming a downward spiral which has plunged the sector into crisis and brought thousands of wine-growers out onto the streets in protest.

'Global over-production in 2004, which is put at between 10 to 20 million hectolitres, is pulling prices down and adding to the problems of French wines which are being asked to become simpler in taste to meet growing world consumption,' said Louis-Regis Affre, an official from the French Federation of Exporters of Wines and Spirits (FEVS).

Apart from champagnes and sparkling wines, exports of French wine dropped some 13.0% in value and 13.2% in volume in the first quarter of this year compared with the same period last year, FEVS said.

This adds to the misery seen in 2004, when French wine exports lost some 9.2% in value, of which some €752m ($943m) were lost in just the first quarter.

The French government recently unlocked €7m in aid in a bid to throw a lifebuoy to the country's wine producers, but for many it is merely a drop in the ocean.

'It's very little in relation to what is actually needed, and the framework to implement it isn't even in place yet,' said Affre.

On Wednesday, thousands of producers took to the streets of the southern city of Nimes in the Languedoc-Roussillon region demanding further emergency measures to save wine-growers from disaster."
 
Comments: Post a Comment

Links to this post:

Create a Link



<< Home
Current events with a sprinkle of opionion.

Name:

A prematurely crusty South Park Republican, with a raging addiction to internet news and current events.

Contact NewsORama:
 



powered by FreeFind

Daily light reading:

September 2004 / October 2004 / November 2004 / December 2004 / January 2005 / February 2005 / March 2005 / April 2005 / May 2005 / June 2005 / July 2005 / August 2005 / September 2005 / October 2005 / November 2005 / December 2005 / January 2006 / February 2006 / March 2006 / April 2006 / May 2006 / June 2006 / July 2006 / September 2006 /


Powered by Blogger