Champagne makers cut back production to keep prices up

The champagne industry has lost $2 billion in sales during the COVID-19 pandemic.

News 12 Staff

Aug 19, 2020, 10:40 AM

Updated 1,379 days ago

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There 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.
 
 
 
 
 
 
 


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