Pandemic Leaves 100 Million Champagne Bottles Unsold, But Prices Not to Change

Source: Tanjug Monday, 21.09.2020. 10:25
Comments
Podeli
Illustration (Photo: Africa Studio/shutterstock.com)Illustration
Sales of champagne, one of France's most iconic products, have tumbled over the past year amid the Covid-19 pandemic, with industry representatives estimating that some 100 million bottles will be left unsold, France 24 reports.

Lower demand due to the pandemic has led to an exceptionally low harvest quota in France's Champagne region, with pickers in the vineyards having to cut one-fifth less than last year.

– When venues where people drink such as cafes, hotels and restaurants are closed, when weddings and music festivals are called off, people drink less champagne – noted Maxime Toubart, president of the General Union of Champagne Producers.


However, Toubart cautioned that lower demand will not necessarily lead to lower prices and that "it's important to maintain the product's value because cheap champagne could lead to the impression of being bad champagne."
Comments
Your comment
Full information is available only to commercial users-subscribers and it is necessary to log in.

Forgot your password? Click here HERE

For free test use, click HERE

Follow the news, tenders, grants, legal regulations and reports on our portal.
Registracija na eKapiji vam omogućava pristup potpunim informacijama i dnevnom biltenu
Naš dnevni ekonomski bilten će stizati na vašu mejl adresu krajem svakog radnog dana. Bilteni su personalizovani prema interesovanjima svakog korisnika zasebno, uz konsultacije sa našim ekspertima.