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France to spend $200M to destroy wine surplus as demand falls
Posted
August 28, 2023
Views
2,587
Likes
23
Comments
9
Engagement
1.24%
August 28, 2023
2,587
23
9
1.24%
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0:57Now PlayingWith world wine consumption down, France is facing a large surplus. But if they flood the market with the surplus, prices and profit would collapse. Instead, they'll spend about $200 million to destroy enough wine to fill 100 Olympic-sized swimming pools.
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