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EU Funds Wine Distillation to Stabilize Prices

Bloomberg·April 1, 2026 at 12:48 PM

The European Union has allocated €40 million to support the distillation of unsold French wine stocks. This initiative aims to stabilize wine prices amidst declining global demand. By converting surplus wine into ethanol, the EU is attempting to manage market imbalances and support French winemakers. This intervention reflects the challenges faced by the agricultural sector due to shifting consumer preferences and international market dynamics.

EU Funds Wine Distillation to Stabilize Prices

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