Champagne makers cut back production to keep prices up
The champagne industry has lost $2 billion in sales during the COVID-19 pandemic.
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Aug 19, 2020, 10:40 AM
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Updated 1,437 days ago
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3ds agoThere is some bad news for bubbly lovers across the world.
Champagne makers in France are putting unprecedented limits on how many grapes they’ll harvest this year.
Producers are cutting back production in an effort to keep prices up.
It's similar to the way oil-producing countries regulate supply.
The champagne industry has lost $2 billion in sales during the COVID-19 pandemic.
